Bullish Descending Triangle is forming and we are waiting for a move over $1.05 to go back to new highs. Stock has history of making moves to the upside with successful bull flags, and flat Top breakouts. Volume has confirmed this every time. Long term upwards trend on the daily. Medium to high volume breakouts and low volume pullbacks/50% retracement has made...
PLX a waiting game. No volume distribution. Its coming into a tight wedge pattern, and needs volume to push past barriers to new highs. Patience is virtue.
If breaks $5.60 should go to $6.40
then Sell look for next good move
Who knows really but thats my Guess based on ewhat i have learnt over the last few years purely Technical wouldn't have a clue how the company is doing i have concluded over the years it does not matter 1 iotta
What matters more is crossing of Moving Averages etc that will tell you more
News...
Who Knows really the new Zealand Share market is the most fickal in the world if u ask me very little makes sense on an earnings to share price ratio it is ridiculous .
Companies earning $350 m a year year on year are at $3.50 pr share and a company that earns $20m is $10 ? how does that work ?
Anyway based on Forex trading this is the most probable chance i...
www.tradingview.com is going to be acquired for $6.45 per share.
There have been extreme growth since November.
The price has reached a plateau and trading in the range.
Indicators are pointing out to overbought condition.
I do not believe in continuous and sustainable growth during economy crisis which is unfolding now...
Initially thought there was a bullish fractal in play, but I kept looking and it seems like wishful thinking. Considering global recession is looming, the bullish scenario playing out seems highly unlikely.
We are at resistance now, so it's a good time to sell. Maybe we will revisit the 3.6 and that's a slam dunk sell.
No momentum to break higher - Price instantly gets sold into. This might need to test some support before a new all time high. Not a sell call yet, but soon maybe.
Huge momentum to the downside now on news of lower profit forecast.
How low will this eventually go? Bear flag says 0. The double bottom of 1.65 seems likely.
This company owns so much of NZ construction... What on earth happened during the last 9 golden years in NZ?
Looks like a bubble just burst.... or the milk just curdled? Interactions at each fib level marked so we could see some bounces on the way down. Looks like every other cryptocurrency I watched over the last 6 months; personally anticipating a head and shoulders to emerge. New to stocks though so let's see.
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