More upside coming soon? 📈See chart image. Entered long here. A little bit too late but it seems like it works so far. If you've got questions feel free to use the comment section here. Good trades, folks!
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About PERSIMMON ORD GBP0.10
Sector
Consumer Durables
Industry
Homebuilding
CEO
Dean Kendal Finch
Website
persimmonhomes.com
Headquarters
Fulford
Employees
5.616K
Founded
1984
ISIN
GB0006825383
Persimmon Plc operates as a holding company of the Persimmon Group of companies, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnershisps, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.
PSN bounced off supportPSN bounced off support after descending rapidly
No advice given
research needed but the chart looks good
PSN I do not provide personal investment advice and I am not a qualified licensed investment advisor.
$PSNBig UK constructor.. I think the last swing high is in 3 rather than a 5 as labelled but we have 5 waves down from highs in A and trendline a logical place to reshort. You can see it held prior 4 ...unlike a lot of stocks it could not take out pre Covid highs in spite of speculative buying frenzy
PSN buy with 4 reward:risk ratioPersimmon has been following a trend channel and bounced off the bottom a couple of days back, supported by the 200 DMA.
A Buy indicator today with a fairly tight stop below the 20 and 50 MAs for support gives this a decent R:R if we target the top of the channel for take profit and coincidentally
Persimmon could see -5% pull backGaps normally get filled pretty quickly on the 1 day Persimmon chart, and with RSI levels being quite high a pull back is likely in my opinion.
Persimmon - Looks set to re-build its share price.Technicals
Persimmon is holding at key support and showing signs of attracting value hunters. I also note the bullish divergence on the relative ratio (Persimmon share price / UKX). The price of sterling has been a drag on the shares and with GBP moving higher yesterday it could offer some relief t
Attempt to catch the short-term trend reversal/correctionAfter the strong up move that lasted for quite a while without any significant pullbacks, the shooting star pattern appeared in the "grey area" of assumed resistance.
1)Going short with my Stop loss over the high of the shooting star.
2)The profit target is based on the assumed 50% correction and te
Weekly more bullish case.Maybe still in a Wave 3 with Wave 4 & 5 to come. Could still make a new high this year but predicting a big drop after (-40% plus)
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
