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quantitativetendies

PFSI: Wychofian Re-Accumuluation

Long
PennyMac Financial Services, Inc. (NYSE:PFSI)  
quantitativetendies Updated   
NYSE:PFSI   PennyMac Financial Services, Inc.
Trend Analysis Fundamental Analysis Beyond Technical Analysis
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trendanalysis fundamental beyondta
On the back of rising financials this looks like the Phase D of the Wychkoffian Accumulation. I am looking for a consolidation at the resistance before a take off.
Fundamentally this makes sense on the backs off rising rates and financial sector build up.
Comment:
Good place to add here, still holding the channel and consolidating.
49.00 would be a hard stop
Trade active:
Shares still consolidating but in the upper bound, would be a good place to add here
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