Rebound Insight
Our Pivot: 179.00
Our Preference: Start buying PSMC above 222 and average it out till 204 with strict stop loss of 179 and profit target at 269 with extension towards 304.
Alternate Scenario: Downward penetration of 179.00 will call for 148.00.
NOTE: PSMC is going to give a bullish breakout above a major resistant trend line on weekly chart to format a bullish breakout.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.