PNB CHANNEL BREAKDOWN

2021년 12월 20일

Hello guys, the last two trades SRTRANSFIN & SIEMENS given here have both hit their 3rd targets and it was sooner than I expected.

Now the stock that can be seen breaking a long time range is PNB. So now PNB, as seen on a weekly timeframe is making a bearish flag and pole pattern and on a Daily timeframe has given a breakdown from channel which was it's long time trading range.

The pattern was broken and it closed 2% below the channel (went as far as 4%), which looks to me a great bearish move.
RSI is in weak zone.
MACD just turned bearish.

I have many greater targets for long term swing traders on the short side because this seems in a forever downtrend but let's do with this now.

Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.

Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.