I have no position in this, but am keeping an eye on it. Time is running out on PKKFF and it should do a strong move soon but entering here is a gamble.
-As the daily hull (highlighted) starts to crash into the price, it acts as resistance.
-I see a pennant forming with the channel top as the resistance, likelihood of this being bearish is higher than a bullish reversal from what I've seen in other penny stocks.
-Macd and stoch look like they will turn to the downside too.
-I would not consider touching PKKFF until it can break that down channel and the daily hull.
-However, buying on the bottom support of the channel can bring nice swing opportunities if you can time it right.
-One bullish argument is the supertrend is a buy, it bounced on the 100 week EMA, and China stocks have been pretty good lately.
-As the daily hull (highlighted) starts to crash into the price, it acts as resistance.
-I see a pennant forming with the channel top as the resistance, likelihood of this being bearish is higher than a bullish reversal from what I've seen in other penny stocks.
-Macd and stoch look like they will turn to the downside too.
-I would not consider touching PKKFF until it can break that down channel and the daily hull.
-However, buying on the bottom support of the channel can bring nice swing opportunities if you can time it right.
-One bullish argument is the supertrend is a buy, it bounced on the 100 week EMA, and China stocks have been pretty good lately.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.