Rebound Insight
Our Pivot: 91.70
Our Preference: Start buying PIOC above 97.90 and average it out till 95.00 with strict stop loss of 91.70 and profit target at 107.80 with extension towards 114.
Alternate Scenario: Downward penetration of 91.70 will call for 86.00.
NOTE: PIOC is about to complete bearish expansion of breakout of its last daily triangle and now its getting support from supportive trend line of its bearish price channel.
Chart with supports & resistances:
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