PNC Financial Services Group, Inc.On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:
1) RSI resistance breakout.
2) Regular bullish divergence. Measured over 2-months.
3) A Double bottom prints.
3) Price action prints on the 100-week RMA with the divergence. Look left.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
