PEL Stock Price has bounced back from the weekly DZ
Updated
PEL stock price has bounced back from the weekly demand zone (DZ), making it look like a good buying opportunity at the current market price.
1st Safe Target 930-940
Key Concepts:
Demand Zone (DZ): A price range where buying interest is strong enough to prevent the price from falling further. This is often seen as a support area.
Bounce Back: When the price moves up after hitting a support level.
1st Safe Target 930-940
Key Concepts:
Demand Zone (DZ): A price range where buying interest is strong enough to prevent the price from falling further. This is often seen as a support area.
Bounce Back: When the price moves up after hitting a support level.
Trade closed: target reached
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