Sign of Strength in the chart:
1. High volume reversal
2. Tested 20/40ma with NS signal
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
We had PTRANS in our watchlist for quite sometime and have been closely monitoring it since the pandemic recovery. The stock has been building a lengthy base since August 2020 after a sharp rally in wave iii. Based on our wave counting, the base appears to be a sideways combination of three corrective patterns or as Elliot calls it as 'triple three'. A combination...
PTRANS VCP has developed for 217 days.
Good fundamental company with consistent dividend. Also part of recovery stock on public transportation sector.
I still waiting for buy signal. Share now for you all to monitor it closely.
The content provided is my personal experience sharing through technical and...
Bias to reaccumulation, there’re several cup and handle pattern visible during sideways... Test of supplies had been done twice (19 Jan and 22 Feb)... Expect the price not to, but may test below critical Gann line (0.81)
Trading Idea PTRANS (08/02/2021)
- Possible rebound
- Entry around yellow zone
- Target and stoploss as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
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Seems to support strongly at 0.290.
If able to break R1, R2, possible uptrend 1.
If failed, possible fall 2 to find support at 0.270 and test up again.
If failed and fall below 0.270, then will find next support:
S1: 0.270/0.265 (may set as stop loss if fell below S1 at closing)
S2: 0.245/240 (Beware if fall below...