This stock has been in a world of hurt the last few weeks. Watching for possible scalp trade tomorrow.
Buy 1.91 and 1.88 Control 1.86 Stop 1.81 Previous plan ended prematurely, there must be more profit.
The company's recent efforts to launch new product is boding well for sales growth. An emphasis on cost management and operational efficiency should boost profits and margins. I believe the company will beat earnings and raise guidance. I have a $5.50 PT for the post-earnings move with a 2 month time frame.
Don't know which way this goes, but if PIR closed past either end of day trigger, that's likely the direction she's headed.
PIR is in a channel at a very good support. This is a nice bracket trade. IF PIR closes below $11.34 (the old bullish trigger of 12.18 becomes the stop) and vise versa. Likely better to do this trade with shares than options.
Yesterday's candle was black and made a LL/ LH. Probably a bearish confirmation candle for some people. Perfect gap and go. Stock is pretty volatile, so I'll watch it at open however, I'll be patient and look to be bullish. Perfect open is above 12.67
PIR expected to open at 14.10 for a Retest Gap. Watch out for nearby pivot points. To learn to trade for free go to www.RealLifeTrading.com
PIR expected to open at 17.10 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
Gapped on Friday and almost turned into a gap and go. It didn't take out the last gaps resistance, plus Thursday's candle wasn't a strong bullish candle which made it slightly more questionable. Would like to see it bounce around and turn into some type of pennant pattern then confirm into a trade.