PBI possible LONG play.
longtime down channel and broke out.
1st fib extension showed target of ~ $10 --> taken out.
new fib with retracement to green line and expected target of green line. ~ $17.
Some fuel from Seeking Alpha article. Some from earnings.
on its way down now (lower highs and lower lows), but if it bounces off of $6.81 and heads back up (higher highs and higher highs), would look to buy and price target to ~$17. (with some resistance at $13 as well so could also get out then if you are more conservative).
GOOD LUCK!
1st fib extension showed target of ~ $10 --> taken out.
new fib with retracement to green line and expected target of green line. ~ $17.
Some fuel from Seeking Alpha article. Some from earnings.
on its way down now (lower highs and lower lows), but if it bounces off of $6.81 and heads back up (higher highs and higher highs), would look to buy and price target to ~$17. (with some resistance at $13 as well so could also get out then if you are more conservative).
GOOD LUCK!
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