PAC @ 21 OCT 2021
Text me if you have any questions/comments for me.
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PAC
- First time doing a written analysis on PAC
- Stock has a history of slow uptrends which seems to have picked up speed since late August 2021
- It’s currently trading at a resistance zone at 7.90-8.10 levels (orange lines) that have been tested at least 5 times in the past
- A successful breakout would be around the 8.35 levels
- Another price rejection could see the stock re-test the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout and a good setup before plotting entry
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PAC
- First time doing a written analysis on PAC
- Stock has a history of slow uptrends which seems to have picked up speed since late August 2021
- It’s currently trading at a resistance zone at 7.90-8.10 levels (orange lines) that have been tested at least 5 times in the past
- A successful breakout would be around the 8.35 levels
- Another price rejection could see the stock re-test the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout and a good setup before plotting entry
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