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...
PKKFF is reversing on the 30m support line in an upward trend. ***Not a trading advice - buy or sell at your own risk***
Risk: 2600 pips Reward: 21000 pips Adjust risk based on strength of downtrend, if it plays out.