- About to cross over the downward trendline
- Oversold on RSI (Pattern of oversold/overbought)
Once it crosses the 5 day SMA line (blue line), it will go up.
Buy around 2.15
Sell around 2.8 or when oversold on RSI (which ever comes first)
The pattern is approaching the end of its chart pattern and a minor resistance line ($2.05). Once it passes this, this stock will go up to its next resistance line.
Looking at the daily chart pattern, the stock has already reached lower lows and I predict that it's time for it to go higher. The stock right now is creating a momentum/consolidating ready for the...
Amateur Trader, first idea.
STOCK: PTEN (a drilling company in North America)
Strong resistance at around ~1.90 at lowest, ~2.70 at highest and 2.3 at the middle.
Can go up until it reaches 75% of top. Good profit before the 5th crash in a few days.
The company is very established with a long history of ~$8-10. The last time prices were this low (~$2) was a...