PA is looking for a direction, Bullish inclined
PAPA has consolidated for the past 2 weeks with diminishing volume. Its price range is also tightening as seen on the chart, A breakout from this range would confirm its immediate trend.
Currently its MACD is flat and above 0, any movement upwards or downwards would result in a GC/ DC.
I am bullish on PA. For the past 2 weeks its volume depicts buyers gaining control over the price movement. (i.e. Up days are accompanied by higher volumes compared to down days.)
A break above 0.490 next week will be a bullish sign. Conversely, a break below 0.450 should be a cause for concern. Good luck.
-FairTrades
Trade ativo
Price Broke out from the symmetrical triangle. MACD GC materialised with big volume. This is going up to test the ATHTrade ativo
Price has sustained above the breakout of 0.500 for 3 days. This is looking promising as the lagging indicators are catching up to create a buy signal for conservative traders. monitor for a test of ATH at 0.570 for a potential breakout.Trade fechado: stop atingido
Trade closed when price fell below 0.50
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.