Plains All American Pipeline has hit a ditch. PAAC Wave of flat. Down we go.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
PAA
PAA - Trade PlanPAA is trading currently n a descending wedge and is struggling to close above long term trendline. If it manages to close in the given spot (Green Circle Buy Zone), then it may confirm a change in trend and may get bullish, as this is a very Bullish structure. We need to see good volume and a thrust to the upside for confidence. Lets see how it develops in the upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$PAA - A Trade IDEA! Plains All American Pipeline, L.P. PAA reported fourth-quarter 2020 adjusted net income of 29 cents per unit, which missed the Zacks Consensus Estimate of 31 cents by 6.5%. Also, the bottom line declined 54% from the year-ago quarter’s figure.
I have done some Fundamental along with technical analysis.
The company has a bit dissapointed fundamentals.
However; when it comes to technicals it is a very nice BUY.
Let's see how it is going to react in these coming couple of days.
Pharmaust: PAA.AXWatchlist
Volume drop off after reach 27.5c high
17c seems to be the next key support
Watch if price can stabilise and stay above 21EMA
If price pushes up, will probably see some resistance at 27.5c




