Long
PGRE trade ideas
PGRELONG-TERM: Cup and handle with low resistance to the upside if it breaks out. 1hr classic bullish divergence confirmed, potential 4hr hidden bullish divergence. (not financial advice)
$PGRE ON THE UPPGRE broke through 50 ema and other indicators looking positive. Let's see if this sector comes back.
PGRE - Upward channel breakdown short from $16.20 to $15.20PGRE broken down from a upward channel. We been watching it from last week, and seems now its ready for a short trade.
* Trade Criteria *
Date first found- March 13
Pattern/Why- upward channel breakdown
Entry Target Criteria- Break of $16.20
Exit Target Criteria- $15.20
Stop Loss Criteria- $16.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PGRE - Potential Upward channel reversal Short trade from $18PGRE is running within an upward channel. If it gets up-to $18 to its upper Channel line, this could be interesting in the short side. As $18 is a major resistance label as well. We think it can reverse from there & can go all the way down to $15 area.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Upward channel reversal & breakout
Entry Target Criteria- short between 18.00 and 18.05
Exit Target Criteria- Momentum ($15.20)
Stop Loss Criteria- $18.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
