85/100huge gap up break daily accumulation phase
m5 time frame price retest 0.618 fib. level from pre-market
also m5 time frame show selling absorption candle
hope it new up trend
PLRX trade ideas
PLRX - Looking for a push off of $18Most recent news from 2 days ago - finance.yahoo.com
Technical look out:
- Looking for MACD to bounce up as it diverges
- RSI cooling off from the overbought zone so we can potentially expect some volume soon
- Price although has shown bear candles on the daily, it has consolidated fairly well considering the last spike from the news of --> finance.yahoo.com
Price action:
- Trading and consolidating within the July 14th candle. My price support is based off of this candle and a bounce up or break below it will dictate whether an entry takes place or not.
- If a proper bounce occurs I can see a conservative 5% within my radar or stretch to 15% on the top end. As per usual my trading strategy is to scale and secure profits so if momentum persist, I will hold past the 15% marker.
More news could help this one out in the coming weeks with earnings also only a few weeks away
