Long

PLNHF Current Pattern

Updated

Previously bullish flag successful breakout and run up, business remains vigorous and nothing has change negatively in the fundamentals. Right now in a descending triangle after run-up, possible good entry point around the support level of 2.92-3.00 (historical), fundamentals actually improved due to new license and shop gets approval for reopening.

For personal notes, not professional trading / investing advice
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Note

touching the support level now, if it breaks then trade invalid. Need to be careful of the equity sell-off, might induce impulsive price movements

Note

Daily RSI shows close to oversold, Weekly indicates more downside room.

Note

we are holding the support well

jerryz73001

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