PRN - Bullish Setup, wait for break

PRN bullish on charts on multi time frame.

Points to consider

1. Price above 20 D SMA
2. Price above 20 Week SMA
3. Price above 5 Month MA
4. RSI Bullish on Monthly and Weekly MA
5. RSI looking for support on the Daily TF to reverse up.
6. Nice consolidation on Monthly charts
7. Price trading in a nice range for the last 8 months and setting up bullish structure with Monthly RSI not overbought

Price near All time highs and crucial RSI zones on daily charts, bullish structure.

Look to buy dips in the daily channel for a swing with good RR and look for channel break

노트

Lovely Breakout today, PRN went as high as 122, that's nearly 20pc gains from the time we identified this opportunity, less than a month.

Watching the charts closely for potential exit opportunities, hope you have liked the idea

LoveForCharts

If you love what you see, pls share a thumbs up and a comment in the section below

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

LoveForCharts

If you love what you see, pls share a thumbs up and a comment in the section below