Prices is testing the broken support now resistance, and we have a double top pushing the price down. also the major indexes are hitting important resistance levels, we might see a correction next week. I also bought put of DIA for the next week.
NYSE:PNR - Price is within the consolidation base but 6-7week consolidation breakout within the broader consolidation.
Further bullish confirmation:
Price above Key moving averages on daily, weekly and monthly charts
MACD positive on D,W,M timeframe.
MACD just turned up positive on weekly and monthly chart - possible new longterm bullish momentum.
Positive...
DECISION PROCESS
Trend is progressive (exponential selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels)
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing...
We have an ascending triangle with hidden bullish divergence on the weekly. This might be a good one to pay attention to soon. Full 1.618 extension takes us to 80 dollars.
ENTRY: 77.32
SL: 72.93
TP1: 80
TP2: 82
- ADX<20. Would like it to be higher.
- RSI>50.
- Holding around pivot point "P". Optimal if price maintain above it.
- Entry based on breakout from VZ yesterday.
- Strength meter shows weakness so entered with lower risk.
This bullish stock has been in uptrend since Oct 2020. Attempted to break all time high $69.88 on 10 May. Price is moving in tandem with S&P as well. Closest support at $65, else lower at $59.
Just having a play around with some of the charting functionality and thought I would put this one of Pentair up. Stock looks interesting. It has been having a great run this year up over 100% gains and has bounced off support to new highs after a recent pull back so hopefully the trend will continue. Earnings aren't too far away so exercise caution.
About:...
solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, Pentair makes the most of life’s essential resources.
The 17 analysts offering 12-month price forecasts for Pentair PLC have a median target of 60.00, with a high estimate of 70.00 and a low estimate of 48.00.
PNR - It is in strong up trend in impulse cycle and 3rd wave is in progress. Wait for one more cycle down to get in to buy set up near 49-48 zone for final wave up in 3rd wave cycle for target above 60. Here small sell set up is possible on bounce in 15 min time frame of B wave of 4th wave up near 54.50- 55.50 zone for target below 49 for C of 4th wave down....
PNR joined many Industrial stocks in making new all time highs before getting brought back down by the broader market. Watchlist and enter if it outperforms the market. Stop loss currently at 10.01% based on 10d ATR (x2.7) and a position size of R9.99.
Stop Loss: 10.01% (47.54)
Position Size: R9.99
Hey guys, PENTAIR PLC is in a bullish movement with large sell volume late in the session and a bull doji followed by a denying buyers shadow. By taking a look at the TIMEFRAME 1 Min we can see a bull trait, which starts on a price increase. In this situation one goes to breakout the zone of consolidation to join another and reach its next higher. Then after on...
PNR has formed a double bottom. MACD and stoch rsi have crossed up. OBV looks good. PNR looks to hit $76.32 over the next two months.
weekly
rising uptrend, however, MACD and stoch RSI is pointing down. OBV is going up. A little pit of indecision in the weekly.
monthly
Rising uptrend, all the indicators are positive.
Pentair makes all kinds of equiment for fish farms which will be required in the not too distant future to maintain population growth as the seas continue to decline.
I see 30% pretty easily in the next few quarters. 100x off the bottom is 127 dollars another key level to watch if we dont correct very much after my (potential) wave 5 completes
Be sure to manage...
