PNBHOUSING at crucial level of 860PNBHOUSING has retraced to a decisive level on the 15-minute timeframe. We are currently seeing a battle at the 860 mark, which has historically acted as a significant pivot point.
🔍 The Game Plan:
The Bearish Case: If the price fails to hold 860 and trades decisively below it, we may see a revisit to the historical support zone around 835–840. A breach there could open the doors toward the 822–825 level.
The Bullish Case: If the stock manages to sustain above 860, it signals a potential trend reversal. In this scenario, the immediate target I’m watching is the 900 psychological barrier.
OR
Stocks goes to support around 840 and then rebounce to 880+
💡 Key Execution Signal: Volume is King
Don't jump the gun. Wait for confirmation:
Long Entry: Price breaks upside and stays above 860 with a surge in volume.
Short Entry: Price breaks down below the support levels with heavy selling volume.
Long
