PNB in rectangular range
PNB has been trading in a rectangular range for weeks now.
Also, within the consolidation, the increase in volumes is often observed when there is an upward move.
In the downward move, the volumes are often subdued.
Also, there is a trendline that the stock is going to test soon upwards.
This could be a good move for the stock on the upside if the stock closes above the trendline at the end of the week.
Duration: Medium term (few weeks).
Also, within the consolidation, the increase in volumes is often observed when there is an upward move.
In the downward move, the volumes are often subdued.
Also, there is a trendline that the stock is going to test soon upwards.
This could be a good move for the stock on the upside if the stock closes above the trendline at the end of the week.
Duration: Medium term (few weeks).
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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.