C2PU trade ideas
Parkway Life Reit - Opportunity to stake for more upsidePWLR has gone parabolic since last month. It shot up strongly to 4.52 last Friday before suffering a steep pullback to 4.15 today.
The uptrend is still intact and it is an opportunity to accumulate between 4.15 to 4.18 with initial stop loss @ 4.05 (just below the recent low @ 4.07). Looking to scale out along fibonacci extension levels 1.272-2.272 of the BC swing up (will trail stops up as trade goes our way).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you
Parkway Life Reit - waking up soon?Parkway Life Reit has been consolidating within a wedge pattern for the past 2 months. It is getting close to the apex of this wedge and RSI is now trending above 50. Am expecting a breakup to happen in a matter of 1-2 weeks.
I am accumulating within the narrow end of this wedge (3.35-3.4+) to wait (patiently) for the break.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Parkway Life Reit - Bounce coming?A morning star candlestick formation is bullish and couple with bullish divergence of price with the stochastics. Am expect a rebound to materialise soon. Long @ 3.45 with a stop just below the morning star low (3.35). Looking to take profits with trailing stops should the trade pane out. Let's see.