Besides what I view as very similar price action, PESI found support over the last few weeks right at the $5.80 level. Looking back 6 years, the $5.8-5.6 area was tested 3x as resistance and has just been turned to support.
-A close below the rising trendline support around $5.85 would violate my thesis for PESI following the MU path.
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.