I have no position in this, but am keeping an eye on it. Time is running out on PKKFF and it should do a strong move soon but entering here is a gamble. -As the daily hull (highlighted) starts to crash into the price, it acts as resistance. -I see a pennant forming with the channel top as the resistance, likelihood of this being bearish is higher than a bullish...
This is where Technical Analysis and strong company fundamentals collide. CSE:PKK has their strongest quarter incoming (Q4) which is expected to surpass 2020's revenue in it's entirety. This, combined with a NASDAQ listing, and other unknown catalysts should result in powerful capital market results. More on the double bottom pattern: "The double bottom...
Following a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after...
After Bearish trend and slight adjustment it is expected that a bearish trend would follow. Long strategy would be appreciated.
Looks like the corrective structure is over, so i expect a drop. But if its not over yet then it will be a break even trade for me. Expect my updates.
This green ascending line could be support support. If holds this green line after earnings around Nov 26, 2020 then start buying a small position. The potential head-and-shoulders mark-up reminds us that this penny stock is very risky and should be traded carefully. However, I'm overall LONG. -All the best, Carmando