PAAS | Still in the portfolio but for how long?
After the fall of the S&P500, several of the stocks I had in my portfolio hit the Stop Loss! One of those still resists the fall, I'm talking about PAAS!
After a period of stall post-entrance, the stock started a rally towards the top almost hitting my take profit! After almost touching the TP, it decided to go downwards to a period of consolidation that still resists the recent US market fall. The period of consolidation is also confirmed by the decrease in volume throughout the entire period.
I placed the Stop Loss right underneath the consolidation (under $31), let's see what happens and if it's gonna break higher or lower!
After a period of stall post-entrance, the stock started a rally towards the top almost hitting my take profit! After almost touching the TP, it decided to go downwards to a period of consolidation that still resists the recent US market fall. The period of consolidation is also confirmed by the decrease in volume throughout the entire period.
I placed the Stop Loss right underneath the consolidation (under $31), let's see what happens and if it's gonna break higher or lower!
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