PCG - Techincal analysis

Nov 20, 2019

Crazy talks apart - weather, number of clients, too big to fail etc,

On pure technical analysis, the stock is on a small uptrend with a bull flag formation. Volume on the sell and buy side is low and neutral, meaning there is not much volatility - which means it is on accumulation phase.

A breakdown at these levels will bring the price to 6.40 and 5.90.

Breakout at 7.75 with volume (ending the day above 7.75) will push the next target to 8.55ish and a previous gap fill of 8.95

Nov 27, 2019

Note

21 EMA : 7.16 and 6.90 new support level. 7.75 first target and then 8.40.

Stop below 6.40

Dec 2, 2019

Note

Reached first prerequisite of staying above 7.75 by end of day. Next tgt is 8.30 and 8.90

Dec 3, 2019

Note

First target 8.30ish reached, next is 8.90

Dec 4, 2019

Note

Reached second target of 9.30. the final target of 10.40 and reached 10.20. It's safe to exit the trade at 10.20 - 10.50 range and wait for consolidation before next move.