PEL | Gann Octave Analysis | A possible value BUY
- This stock has been trading inside Gann Octave range of 1262 and 1590 since 23-JUN-2020 (nearly 7 months now)
- Currency trading near Gann Octave Level 1590 (near 1600, Square of 40)
- Price has broken out above multi year trend line resistance
- Trading well above the Volume Weighted Moving Average (180 days VWMA) which has acted well in the past
- Resistance: 1600 / 1681 / 1728 / 1764 / 1849 / 1918 / 2025
- Support: 1521 / 1444 / 1369 / 1331 / 1296 / 1262 / 1174
Comentário:
Trading above 1600.
Comentário:
Could not sustain above 1600 | Back to important support zone 1296 to 1262.