PROSPECT CAPITAL CORPORATION

NASDAQ

PSEC

This is one of my dividend holdings that I picked up on Friday (1,000 shares). It pays an 11% annual dividend, but also enjoys movements of quick bearish drops and equally quick recoveries. Full details of this play at https://wingtrades.com! My entry of 1,000 shares was at $6.47 on Friday, February 8, 2019.

This is a well nested area in weekly zone. expecting a 1:3 RR

PSEC is looking like a falling knife incoming. Three black crows, and heavily overbought on stochastic and stochastic RSI. Dividend is past exdiv, and earnings were good. Looks like it may be time to scoop up profits and wait for the knife to fall. Stochastic is the blue and orange lines and stochastic RSI are the red and green Areas

described above

Stop 6.65 Entry 7.00

PSEC Flag KL: 6.85 SL: 6.50 TP: 8.30

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