Long
$PRXL Bullish Weekly Technicals with resistance at $71.37
Key points for a PRXL long are;
1) Held 0.764 fib level and key support level (old resistance).
2) 3 weeks of higher lows and highest close in 3 weeks.
3) RSI is not overbought yet which is desirable for a sensibly placed long according to this oscillator
4) MACD indicates that sellers are too late to sell a turning point downwards since it has already occurred
5) Still holding a very strong uptrend but the ADX has dipped so caution is required as always.
1) Held 0.764 fib level and key support level (old resistance).
2) 3 weeks of higher lows and highest close in 3 weeks.
3) RSI is not overbought yet which is desirable for a sensibly placed long according to this oscillator
4) MACD indicates that sellers are too late to sell a turning point downwards since it has already occurred
5) Still holding a very strong uptrend but the ADX has dipped so caution is required as always.
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