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.
Comment:
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.
Comment:
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.
Comment:
Exited at peak and now made money shorting ! That's how we do it !!
