PCJ - Price hovering around make or break levels!
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⚡️Price Analysis:
1️⃣Lacking volumes.
2️⃣ Price structure is bullish w/ HH-HL formation is intact.
3️⃣ Price strength is lacking, currently show casting weakness
4️⃣ Overall the sector is bullish, peers are also performing well hence expecting the prices of PCJ to reciprocate the same.
✨ My Expectations:
➡️ RRR is favorable.
➡️ 15% SL w/ 1:3 RRR. Bit risky! SL is bigger.
➡️ 15 is critical make or break level, once the price moves below 15 the stock will turn bearish. 19.5 is important on the upside, if price sustains above 19.5 bullish momentum will kick in. It will interesting to watch now!
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
⚡️Price Analysis:
1️⃣Lacking volumes.
2️⃣ Price structure is bullish w/ HH-HL formation is intact.
3️⃣ Price strength is lacking, currently show casting weakness
4️⃣ Overall the sector is bullish, peers are also performing well hence expecting the prices of PCJ to reciprocate the same.
✨ My Expectations:
➡️ RRR is favorable.
➡️ 15% SL w/ 1:3 RRR. Bit risky! SL is bigger.
➡️ 15 is critical make or break level, once the price moves below 15 the stock will turn bearish. 19.5 is important on the upside, if price sustains above 19.5 bullish momentum will kick in. It will interesting to watch now!
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Anubrata Ray ⚡
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