PCJ, accumulation going on can easily generate 2x for midterm

Hello traders, the PCJ chart is pretty simple and growing strong day by day, the market is in a strong accumulation zone you can see everytime it touches the lower zone the buy volume spikes and then the price remains in a same range, which means a lot of shares are exchanging hands without any further increase/decrease in price( Yes for short traders prices are obviously changing) this generally happens in an accumulation stage. If we look closely the market is in this range since last 150 days. Now there are few things which can help you to choose buy or not:

1. The probability of being wrong which no one can ignore anyways.
2. In accumulation no one knows how much time the market gonna spend in the accumulation stage, but when big hands finish there job generally price action moves exponentially.
3. You need patience and a mid to long term investment strategy, so if you can't sit idle while your capital is in a position which may not move for days or you want to trade consistently than it is not for you.
4. You also require patience while exiting, generally traders have a habit of taking small profits and they can't wait to take profits for long time as it requires patience.

If you have been through above and you have a capital which you can put aside as an investment for few months go with this trade, also if you're thinking to invest look for fundamental news in this share particularly( i believe fundamental news comes only when big players have already set there positions).

For stop looses it depends on you risk management if you're not a big risk taker look for sl few points below last wing low 24.15, which would be 10% from now but remember the reward potential is upto 100% or more. Also this in an accumulation so chances are you can buy it from lower price as well.

May the markets be with you.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out