PGCO34 trade ideas
Short but be cautious.I took a little short position of this washing powder company. But one shall be coutious as we held above the 256 MA and bounced off from the Donchian Channel low. But I consider the test of this important MA as a warning signal that it can finally be broken. The rate could not leave the downward cannel and could not get above the EMA 20. Let's watch how it behaves for the rest of the day to decide whether to increase the position or leave it at this size.
