A bullish engulfing candle and today price action is trading within it (need to see close for an inside day confirmation)
Potentially, this could be a reversal play or another Bear Flag but the optimum trade is currently within the channel
PA still trade below the 20 MA and daily RSI maintain bullish divergence
Bollinger Band converging for a potential breakout
Short term, we favour the downside and for prices to look for support before we flip long and play within the channel
Potentially, this could be a reversal play or another Bear Flag but the optimum trade is currently within the channel
PA still trade below the 20 MA and daily RSI maintain bullish divergence
Bollinger Band converging for a potential breakout
Short term, we favour the downside and for prices to look for support before we flip long and play within the channel