PNB - Showing Strength
Updated
PNB is showing good market structure with rising volume on up-moves. * See those green volume spikes.Short-term target would be intermediate resistance of 129.
Stop-loss would be a good trendline break.
Trade active
Short-term target of 129 achieved. Would scale-out, though it seems it will trade on higher levels in coming days.Trade active
Trendline provided support again, and now also above the SR Line, Will hold until close below trendline.Note
Leaving this chart now. Will make a new one.Trade active
more than 10% up now. Well above trendline.Trade active
Didn't make make a new chart but trade is still active. 155 now. Up over 20% now.Note
As mentioned before , will hold until the trendline is broken.Trade closed manually
Exit. Don't wait for the trendline. I hope you closed it already.Note
Exited at peak and now made money shorting ! That's how we do it !!
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