PGY - Could there be more to this rocket?
Friday was one heck of a day for PGY delivering upon a 100%+ move. Stocks that move like this in one day is always worth watching the next so this will absolutely be on my radar for Monday morning.
The candles going into close and AH still keeps me interested especially as it still trades over VWAP & the 9EMA. I was looking for this to keep pushing to the $15 zone with all of the volume and momentum but it was not successful. With that said, I am looking for it to retest either a bounce off of VWAP or a bounce off of support if it breaks through VWAP. If it goes below the support then my trade plan will have to reset. Otherwise I am looking to capitalize on some gains on Monday. The consolidation above VWAP is reassuring for a opportunity to trade this one. (Not Financial Advice)
The candles going into close and AH still keeps me interested especially as it still trades over VWAP & the 9EMA. I was looking for this to keep pushing to the $15 zone with all of the volume and momentum but it was not successful. With that said, I am looking for it to retest either a bounce off of VWAP or a bounce off of support if it breaks through VWAP. If it goes below the support then my trade plan will have to reset. Otherwise I am looking to capitalize on some gains on Monday. The consolidation above VWAP is reassuring for a opportunity to trade this one. (Not Financial Advice)
Comment:
what another amazing day for this one!
Although I have made a good return on this for 3 days now, I will be more weary about how much longer this can continue. I will keep a close eye to see if it can find support. I would like to see this stay above $19 tomorrow otherwise I will have to reset my expectations on how this trade will work.
Trade safe out there