PIOC has experienced a pullback after testing the 200-day EMA and is currently trading 3.60% above it. Notably, the stock has been in an uptrend since March 2023, consistently hovering above the 200-day moving average. An initial target of approximately 192 is anticipated in the coming days. If a breakout occurs, the price may advance towards 208, with a potential test of its previous high around 229 from a swing trade perspective. A stop-loss is recommended if the stock falls below the moving average, as this would indicate a shift toward a downward trend.
Note
Both targets are achieved 🚀🚀🚀Note
Price again pulled back from its support of 192
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.