PXT came up on my screener and I wanted to share some ideas about a possible breakout strategy.
My first attempt at looking at Fibonacci levels. So please shoot me some messages on how I can tweak this a little better.
Firstly, we are in an uptrend and currently trading above 180 & 200 Day EMAs with good fundamentals. We have entered in the 50% to 61.8%...
Tightening ranges with a bullish recovery expected with Oil prices. Political instability in the middle east, set along side effects from recent hurricane should drive prices higher. Current Price point at lowest point of said price range. Expect 5 - 8% return on investment in the near term.
Oversold and ready for the bounce. Guru Investments are accumulating at the current price levels. Stock poised for substantial short term gains once price point of 19.33 $ ps is reached. Consolidation is currently happening. 35$ price target on PXT. I expect tomorrow on open we will see a surge in price too as much as 20$ per share. As always. Guru
Stock will bounce off recent lows and climb back to more realistic levels. Earnings #'s beat street expectations by plus 61%. Growth outpacing company expectations.
