PTL - Inverse Head & Shoulders in Accumulation TG: 68.00 - 92.00
PTL - Inverse Head & Shoulders in Accumulation Zone
PTL is forming an inverse Head & Shoulders pattern within an accumulation zone, currently at the right shoulder, accompanied by a Three Outside Up candlestick formation. This suggests a potential upward move in the days ahead. A successful break above the initial resistance at 46.60 will lead to a test of the neckline breakout point at 50.00 - 52.00 levels.
A breakout above these levels will confirm the resumption of the bullish trend, targeting the 50% level at 68.00, followed by 92.00 in the short to medium term. Indicators also support this bullish bias. Consider buying and accumulating within the 37.00 - 40.00 range, with a stop-loss defined below 36.00.
PTL is forming an inverse Head & Shoulders pattern within an accumulation zone, currently at the right shoulder, accompanied by a Three Outside Up candlestick formation. This suggests a potential upward move in the days ahead. A successful break above the initial resistance at 46.60 will lead to a test of the neckline breakout point at 50.00 - 52.00 levels.
A breakout above these levels will confirm the resumption of the bullish trend, targeting the 50% level at 68.00, followed by 92.00 in the short to medium term. Indicators also support this bullish bias. Consider buying and accumulating within the 37.00 - 40.00 range, with a stop-loss defined below 36.00.
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