PBF broke out of the head and shoulder pattern
PBF is still lagging behind compared to the energy sector but is currently trying to catch up. It recently broke out of the inverse head and shoulders pattern, any pullback towards the neckline is a buy opportunity. Targets and anticipated price action is shown on the chart, stop loss daily close below 20 MA.targets and anticipated price action are shown on the chart, stop loss is weekly close below 9.28$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.