PTOY - Watch Fib Line
PTOY has been one of my holding bags where I take profits and reload when I see the dip. I love the team, and it's a great concept.
Over the course of the past month and a half, PTOY has had trouble getting over that .236 fib line and staying there. This time may be different, though, as that volume launching it into this area looks great, MACD has some strength, and RSI is hovering in the overbought area. If it fails to hold above this fib line for another day or so, expect it to fall back down between its favored 7.5k to 8.2k range. If it does that, BUY. This group has so much promise, and with a busy end of month coming up I see it securing some hefty profits. KEEP AN EYE ON THIS.
Over the course of the past month and a half, PTOY has had trouble getting over that .236 fib line and staying there. This time may be different, though, as that volume launching it into this area looks great, MACD has some strength, and RSI is hovering in the overbought area. If it fails to hold above this fib line for another day or so, expect it to fall back down between its favored 7.5k to 8.2k range. If it does that, BUY. This group has so much promise, and with a busy end of month coming up I see it securing some hefty profits. KEEP AN EYE ON THIS.
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