PME is currently in an ascending channel with bearish RSI divergence. Has hit resistance at top of channel, stoploss above last swing high with target at next resistance level or could even come down to fill gap, moving SL to BE when safe to do so. RR 2:1
Note
Looking for a break of trend on smaller timeframe for entry
Trade active
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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.