Description
⋅ Today has seen 10 times the usual volume on PVR after a news release on the Frontier exploration licence.
RSI an STOCH oversold. Price has rejected from the 200MA and .5 on the FIB. Decent financials,
This is a strong level to buy.
Entry at 16.
First TP 19
Second TP - 25
SL - 14.
Comment
⋅ In at $15, stops as above
Trade closed: target reached
⋅ Took first TP ay 19. Got stopped out after market dropped on bad news.