For rest of 2017 it is buy time. On 11/21/17, four insiders bought 2,613,260 shares for $6.70. When cluster of insiders buy, strongly consider buying, jumping on same train.Insider buying, especially cluster buying is a strong LEADING indicator of future price action. I think that PA will hit $8.00 by end of this year.
Two major buy signals occurred along with positive news for the company in the past two weeks. The Monthly and Weekly charts show a positive break to the upside, with a low-risk stop loss point. Average yearly return of a monthly dividend is 11% #StayFriendly
Any EW'ers out there, I'd appreciate your input into PSEC and the rest of the BDCS composite ETF. There may be a C wave up termination as an Ending Diagonal completing in PSEC. Lots of overlap throughout the structure. I'm anticipating one final motive rally pattern up, perhaps an Ending Diag as wave 5 of C. Targeting 8.87 or as high as 9.61. Currently, the last...
PSEC- Expect opening at 8.31 for a Retest Gap. Learn this strategy for free at www.RealLifeTrading.com
The volume was above average while breaking the triangle (volume generally trends down during the pattern, but higher during the breakout). EMA's have a good bearish slope to them. Broke through the BB a couple days ago. Oscillators are slightly oversold or are heading there, but have room for the trade to move. ADX is 53 which is high. I'd like to see a slow...