PAK ELEKTRON LTD
Long
Aggiornato

PAEL | Pennant Pattern

431
PAEL displays a promising bullish reversal pattern characterized by the formation of pennant pattern. Additionally, the stock price is supporting its ascending trend. Our plan entails accumulating the stock within the designated buy zone (23.50-24 range), while setting stop loss orders below 21.30 to manage risk effectively. Anticipation builds initially around its resistance level around 25 and then 26.50 and upon the completion of pennant pattern, the stock looks bullish.
Trade chiuso: obiettivo raggiunto
Nota
istantanea
Nota
PAEL is rejecting after making double top pattern, can retest its previous resistance to act as support around 24-23 and a pull back from support can be seen. Long term target upon completion of the pattern can lead the price towards 34-35
Nota
istantanea
PAEL testing previous resistance to act as support, upon double top it can test 30 level and upon completion of pennant pattern it can pull towards 34-35.

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