PNB Housing has been trading inside a perfect falling channel.
Price is respecting both the upper resistance and lower support exactly
Every time the stock touches the top line, it drops.
Every time it hits the bottom line, it bounces back up.
Price is back to the falling-channel support.
If buyers react again here, a short-term bounce can play out toward the upper channel.
Price is respecting both the upper resistance and lower support exactly
Every time the stock touches the top line, it drops.
Every time it hits the bottom line, it bounces back up.
Price is back to the falling-channel support.
If buyers react again here, a short-term bounce can play out toward the upper channel.
Trade active
Price has bounced beautifully from the lower channel trendline — up +1.8% already.Channel support continues to hold strong.
SiripiVenu
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.
SiripiVenu
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.