PTRA - Little Gem Falling Down A Cliff
PTRA could potentially be a great buy down the road, but for now its been caught in a steep downtrend - collapsing 30% and leaving investors wondering.
Many are piling in thinking this is a steal right here.
But is price done? Is the bear market over?
RSI showing well overbought.
However, price looks like it may be forming a continuation pattern. That recent star does not fit well into a bottoming pattern and could show there is another leg down. If price carries on further then it looks like it will form a 5th wave of a higher degree ABC from the top.
This would find a very overbought bottom and really would be a steal.
One to keep an eye on. That star will also reveal potential invalidation.
Not advice.
Many are piling in thinking this is a steal right here.
But is price done? Is the bear market over?
RSI showing well overbought.
However, price looks like it may be forming a continuation pattern. That recent star does not fit well into a bottoming pattern and could show there is another leg down. If price carries on further then it looks like it will form a 5th wave of a higher degree ABC from the top.
This would find a very overbought bottom and really would be a steal.
One to keep an eye on. That star will also reveal potential invalidation.
Not advice.
הערה
Early doors but this looks to be a regressive rejection.הערה
הערה
Momentum still clearly to the downside. Might stall perhaps but this should get to $8.5 via this continuation pattern.הערה
הערה
Continuation it is. See you at $8.5הערה
הערה
Large bearish daily candle engulfing the previous 4 shows price appear to be breaking out to the downside, despite oversold RSI. This is a real landslide.הערה
I'm going to move the goal posts here.What I thought was a wave 4 was lower degree and this August bounce appears to be wave 4. The impulse breakout also suggest a wave 5. Therefore a 1:1 extension taken from wave 1-4 gets price to $6.41.
I will be looking first to see how price reacts to first target higher time frame ABC @ $8.55 first, but eventual bottom target is now $6.41
הערה
This is a landslide. A very dangerous stock currently. הערה
Evening star and hanging man looking very severe on the 3M chart
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.