"Three Green Soldiers" for $PK Might be a sign of reversal ... or who knows ...
How can you tell when a stock makes a double or triple bottom? these chart patterns are hard to see sometimes. ... just a rhetorical question. I'm sure $PK can move either direction in the near-term. ... but hopefully higher in the distant future.
The recent earnings were fairly good, and I believe the current price reflects market fear regarding the "delta-variant". I like $PK at current levels and will continue to accumulate shares (with a 1 month to year-end time frame). I see it swinging between the S1 and R1 pivots points ($17.00 - $21.50) between now and Q1 2022. The only thing I know for sure...
Not a technology momentum play, but perhaps a good candidate for an oversold bounce. See support $18.50 - 18.60 TP $21
$PK looks attractive between 19.50 and 20.50, if your time frame is longer 6 weeks. Also give $ABNB a look.
Potential entry above $19.00 at which point the stock will have cleared channel resistance and the Fibonacci Golden pocket. The next resistance to consider as Take Profit will be the major pivot point @ $21.65. Good Luck and please give us a like or leave a comment.
Next resistance on upside will be $20 to $21 range. Not a high-momentum tech stock, but looks interesting all the same.
Video breakdown on $PK $PYLA
No clear rejection indicated, support re-formed on resistance. Bullish trading zone entered.
Cluster of resistance 1) June Pivot 2) old rising trendline 3) Fibonacci 0.5 retracement alert set for break above this level with $18.00 as a potential short term target
Potential day trade setup, very much depends on positive stimulus news. Local downtrend broken . Target $11.50
Potential long entry above $10.50 target to previous high $11.50
Would you rather be long or short at this price? I added more @ $9.55.
PK broke through the dead cat bounce .382 Fib level today, setting up a run into a level of low price resistance. Potential targets $14.47 .5 fib level $12.50 Confluence of Fibonacci levels. Obviously the stock is very prone to COVID related news