nice breakout after clearing the downtrend resistance, good risk reward if we take a long entry here. long 7, stop loss 5.8, first price target 8 and then 10+ if the blue resistance above the green arrows breaks! goodluck <3
Fundamental move here from PSEC after a recent earnings beat pushing through historic resistance. More information to come as a do more research, but these are targets that I could find moving forward on this bull train.
What is the support and resistance for Prospect Capital (PSEC) stock price?
PSEC support price is $5.03 and resistance is $5.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSEC stock...
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.
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
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...