Small description on chart. Chart looks primed for a little run. Fundamentally, the company looks good. I am NOT a financial advisor, this is just my opinion. Please DYODD.
PKG is starting a new leg up after some consolidation. Bullish MACD cross is a technical buy signal. Profitable and very undervalued at just $15M mkt cap.
Bullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
Golden cross circled in blue
RS ascending and above 0
R/R ratio of 20, High
250RSI above 50
Cons:
200MA Flat
If confirmed:
PT=.25
$PKG - I have never ever liked this ticker but I do like the formation occurring right now and figured it deserved a mention. Looking for support to hold and it to break the trend line to the upside in the future. It is sitting on what I consider significant support.
This chart looks like a seasonal play, tax loss season buy with potentially some good high percentage gains.
Not the most liquid name so size the position accordingly.
Technically speaking looks like a trend reversal, tightening bollinger bands + a MACD cross.
Would be nice to get some volume next week to confirm.
