An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 36.04 - 37.45 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study,...
It's always optimal when whatever it is that we're interested in trading to be setting up on multiple time frames. Here, PAM is setting in in a 4wks tight pattern on the weekly chart, and in an ascending triangle on the daily chart.
A quick look at the volume bars shows us that PAM is presently being accumulated. This is further confirmed when we dig deeper...