PWR: flag again?
There is formation of flag signal which has good "window" to move price higher.
Also we see that current longing trend had been forming on the base of trend reversal and recently price has broken 24.00 and 25.00 strong resistance levels and 22.50-24.00 price channel.
Recommendation is to buy.
Entry point 26.00 ( top flag's line breakout)
Stop-loss 24.00 (strong support level)
Target 30.00 (weekly level of resistance)
Risk/return ratio 1:3
Also we see that current longing trend had been forming on the base of trend reversal and recently price has broken 24.00 and 25.00 strong resistance levels and 22.50-24.00 price channel.
Recommendation is to buy.
Entry point 26.00 ( top flag's line breakout)
Stop-loss 24.00 (strong support level)
Target 30.00 (weekly level of resistance)
Risk/return ratio 1:3
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