(32/1000)
Ascending Triangle for PSX on the weekly chart.
Not confirmed
Possible 89,92% gains.
As per graph on the right, energy sector (SPN) is building into an ascending triangle (not confirmed) with a possible 41,62% gain.
PSX analysis:
Pros:
1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
7- 50MA above 200MA
8- Golden cross in blue
Cons:
1- 200MA flat
2 - ATR descending, less volatility
Target price is 235,25$
Stay humble, have fun, make money!
MAAX!
Ascending Triangle for PSX on the weekly chart.
Not confirmed
Possible 89,92% gains.
As per graph on the right, energy sector (SPN) is building into an ascending triangle (not confirmed) with a possible 41,62% gain.
PSX analysis:
Pros:
1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA ascending
6- RS above 0 and ascending
7- 50MA above 200MA
8- Golden cross in blue
Cons:
1- 200MA flat
2 - ATR descending, less volatility
Target price is 235,25$
Stay humble, have fun, make money!
MAAX!