$PMTS – PENDING: The Handle Looks Handled

The handle appears to be ending. That channel shows the handle of a very big cup. It hasn’t quite BO of that channel, but today it recovered from a little volume pullback yesterday with an increasing volume move higher. Today’s higher move on about average volume came after some of the lowest volume in recent times yesterday.

The low of the handle was about a 21% pullback. That’s about normal for a handle. The right side of the cup was a strong move. The typical amount of pullback coupled with yesterday’s very little volume makes a strong case for the supply from that right-side move being dried up.

The original pivot I plotted a couple of days ago is just overhead. I will set a buy order there.

Pending Order Details

Leave a Comment


No comments yet. Why don’t you start the discussion?

Leave a Reply