PNV Basic Trend Following
PNV has been in this overall up trend since March of this year.
The trend is confirmed by the third touch occurring on the 22nd of November, RSI has just increased from the oversold zone with volume 2-3x any other day since the 20th of September showing bullish momentum.
There is a short term resistance at $2.285 which must be kept in mind.
Entry: $1.910 -
Target: $2.285 - The short term resistance previously mentioned
Stop Loss: $1.770
Basic TA, trading with the trend.
Open to criticism/feedback as I am relatively new to this.
The trend is confirmed by the third touch occurring on the 22nd of November, RSI has just increased from the oversold zone with volume 2-3x any other day since the 20th of September showing bullish momentum.
There is a short term resistance at $2.285 which must be kept in mind.
Entry: $1.910 -
Target: $2.285 - The short term resistance previously mentioned
Stop Loss: $1.770
Basic TA, trading with the trend.
Open to criticism/feedback as I am relatively new to this.
Order cancelled
Trend line was broken, therefore never entered
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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.