Stock worth having on the watch list. Small ST breakout.
If it can convincingly cross the 200EMA (around 90) and move upwards, it would be a great buy...
Ps: Watch for the resistance at the 200DEMA before entering the co.
PTC has been moving in a wide channel for years, respecting the black neckline, Currently testing the neck, near the bottom of the channel. Awaiting a breakout/Reversal
Disclaimer.. Invested and accumulating again
Not an investing/trading recommendation
the previous redistribution idea was a early call, the lpsy was formed later on on the subsequent peak, and the lpsy mentioned in this idea was the penultimate peak...
Revision of the supports done
PTC has been testing the neckline for a while, completing the head & shoulders yesterday with huge leg up. Finding resistance at 382FIB from few weeks.
May flag up after two huge candles in last two days. Awaiting a breakout/reversal
There are multiple supports at current level suggesting a good possibility of emerging buy so one buy the stock as mentioned below.
Entry 88.65
SL 86.40
Target 94.50
RR ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
