Unconfirmed long on PBI; potential upside greater than down currently. Pre-trend entry assuming constant rise towards $7.80 with conservative SL set.
Trade responsibly; TPs and SLs.
PBI has showed signs of recovery after testing a historical low in the $8 range. Looks to be following a 5 wave set up and completing wave three on the daily. Price might approach $10 for the completion of the 3rd wave. For entry, expect pull back to $9.00-$9.20 range and a price target for wave 5 @ $10.20-$10.50 followed by a subsequent ABC correction. RSI...
A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian.
ScienceEvolution's Self Observation of Volume Divergence:
One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks.
Rising volume...
Pitney Bowes Inc. is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company's segments include Small & Medium Business Solutions (SMB), Enterprise Business Solutions and Digital Commerce Solutions. The SMB segment includes North America Mailing and International Mailing business. The Company is engaged in providing a range of equipment, software, supplies and services that enable its clients to create physical and digital mail and evidence. The Enterprise Business Solutions segment includes presort services business. The Digital Commerce Solutions segment includes software solutions and global e-commerce business.
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PBI
![PBY: PEP BOYS MANNY MOE & JACK [ PBY ]](https://s3.tradingview.com/b/bKIPavC9_mid.png "PEP BOYS MANNY MOE & JACK [ PBY ]")
