Presight is Struggling After the breakdown of the trendline that was supporting the price we can see more selling pressure coming in. For now its just establishing support at 2.30 zone. I will only consider this bullish once it back in the safe zone that is inside the wedge pattern. For now its in a no trading zone so wait and watch game.
Hit like & follow guys ;)
PRESIGHT
Bottomed OUTLooks like Presight is done with down trend and potentially there are good chances that it can reverse from current level. We are seeing fresh buyers joining the club at 2.90 area that is support for now. Double bottoms will be confirmed once we see a breakout and a close above 3.03 once this chart pattern is confirmed then I think it will try to retest major resistance area that is around 3.20
For now its a chance for early bird entry at current levels provided price stays around current levels and does not break 2.88. Plan your trades with proper risk management.
Hit like & follow guys ;)
Watchout!!I was but disappointed with the closing today, but being a weekend this is what usually happens investors dont like to hold their positions over the weekend as anything can happen and scenario can change. Over all still positive if it opens with a gap up there are good chances it will go higher. If if opens with a gap down or flat opening it can go down to retest the support zone.
Hit like & follow guys ;)