Long
$PEO People Corporation LONG
Strong up trend since march, and following strong earnings.
Finally broke through $8 resistance, but retreated back and should test the uptrend at $7.60.
Look for bounce off of trend line and if breaks $8 resistance again, follow it up to next, larger, resistance at $8.52.
RSI is curled up at 45, bullish sentiment.
MACD is in bearish confirmation, but MACD is curled up to cross signal line and confirm bullish trend when it hits the trend line.
Entry would be at $7.75 to give it a chance to test $7.60, and target at $8.50
Watch for breakthrough of ascending triangle at $8.52 for for continued trend.
Finally broke through $8 resistance, but retreated back and should test the uptrend at $7.60.
Look for bounce off of trend line and if breaks $8 resistance again, follow it up to next, larger, resistance at $8.52.
RSI is curled up at 45, bullish sentiment.
MACD is in bearish confirmation, but MACD is curled up to cross signal line and confirm bullish trend when it hits the trend line.
Entry would be at $7.75 to give it a chance to test $7.60, and target at $8.50
Watch for breakthrough of ascending triangle at $8.52 for for continued trend.
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