I have no position in this, but am keeping an eye on it. Time is running out on PKKFF and it should do a strong move soon but entering here is a gamble. -As the daily hull (highlighted) starts to crash into the price, it acts as resistance. -I see a pennant forming with the channel top as the resistance, likelihood of this being bearish is higher than a bullish...
(1) Daily Demand zone Broken= Supply > Demand + Increase in Volume (Selling) iccw declining OBV (2) Weekly Demand zone + 2x Legit Renko Support Line (3) Decending Trendline still Legit (4) RSI --> Oversold (Demand W Legit for bounce?) (+) Support at Falling Wedge pattern, weak(?) Conclusion: PA ≈ Volume --> Legit move (down) Price Tgt #1: $3.51 (High) SL:...
PKKFF is reversing on the 30m support line in an upward trend. ***Not a trading advice - buy or sell at your own risk***
Risk: 2600 pips Reward: 21000 pips Adjust risk based on strength of downtrend, if it plays out.
Peak Positioning Technologies, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. It operates through the following segments: Fintech Platform, Financial Services, and Other. The Fintech Platform segment comprises procurement and...