PSO | Flag Pattern🚀 Stock Alert: PSO
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 183-184
🎯 First Target : 192
🎯 Second Target : 205
🎯 Third Target : 218
⚠ Stop Loss: 173
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.