Long
PLPM - Go long for a 2-1 risk reward.
I want to buy PLPM at 2.97 with a target of 3.80. Initial stop loss at 2.58. The stock has trended higher since a double bottom in May 2014. It has broken through the cloud (albeit on low volme) and I anticipate it will try to test the 3.80 area. Adjust stop loss to follow the Ichimoku Kinjun-Sen "confirmation" Line (the red line in this chart).
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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.