PRESBHD (19/11/2020) breakout ascending triangle ?
Updated
After Stock Split at 28-Oct-2020, PRESBHD has started its uptrend channel and forming an ascending triangle. A huge volume spotted today with abount +12% gain just in 1 day. Stochastic shows sign of uptrend continuation inside the channel.
A good entry would be to wait for resistance zone breakout (0.49-0.5) with high volume
EP 0.5
SL 0.43
TP 0.54/0.59/0.65
RRR 1:2.5
The stock has quite large balance float (65% of 709M shares) compared to its similar market size EFORCE (43% of 615M shares) and KRONO (40% of 523M shares). This adds significant friction to price action during tech sector movement.
TAYOR.
A good entry would be to wait for resistance zone breakout (0.49-0.5) with high volume
EP 0.5
SL 0.43
TP 0.54/0.59/0.65
RRR 1:2.5
The stock has quite large balance float (65% of 709M shares) compared to its similar market size EFORCE (43% of 615M shares) and KRONO (40% of 523M shares). This adds significant friction to price action during tech sector movement.
TAYOR.
Trade active
EP @ 0.5
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