PAEL | Pennant Pattern

2024年5月3日

PAEL displays a promising bullish reversal pattern characterized by the formation of pennant pattern. Additionally, the stock price is supporting its ascending trend. Our plan entails accumulating the stock within the designated buy zone (23.50-24 range), while setting stop loss orders below 21.30 to manage risk effectively. Anticipation builds initially around its resistance level around 25 and then 26.50 and upon the completion of pennant pattern, the stock looks bullish.

2024年5月7日

交易結束：目標達成

2024年5月8日

註釋

2024年5月8日

註釋

PAEL is rejecting after making double top pattern, can retest its previous resistance to act as support around 24-23 and a pull back from support can be seen. Long term target upon completion of the pattern can lead the price towards 34-35

2024年5月21日

註釋

PAEL testing previous resistance to act as support, upon double top it can test 30 level and upon completion of pennant pattern it can pull towards 34-35.