persimmon

TipTVFinance TipTVFinance PSN, D,
PSN: Persimmon - Bullish break
18 0 4
PSN, D
Persimmon - Bullish break

Bullish from the downward channel marks the continuation of the rally from the Brexit day low. On the higher side, major resistance is seen around 1900-1910 levels (falling trend line resistance). On the downside, only a daily close below 1800 would signal bullish invalidation.

TipTVFinance TipTVFinance PSN, D,
PSN: Persimmon – Bearish outside day candle at critical resistance
13 0 0
PSN, D
Persimmon – Bearish outside day candle at critical resistance

The stock retreated from the critical resistance around the psychological figure of 1800 and was last seen trading around 1732. The daily candle is now a bearish outside day. A break below 1700 would open doors for a test of the falling channel floor seen today around 1573.

TipTVFinance TipTVFinance PSN, 60,
PSN: Persimmon - inverse flg and pole, RSI signaling weakness
38 0 3
PSN, 60
Persimmon - inverse flg and pole, RSI signaling weakness

Hourly chart has - Inverse flag and pole formation. This a continuation pattern which means a bearish break signals continuation the downtrend. The hourly RSI has formed falling tops, which suggests the odds of prices moving towards a bearish break are high.

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