Plant Health Care (PHC) has a rather tasty reversal pattern, this is a bio-agri research chemical company that is in patent acquirement and transitioning out of R&D into profitability.
Stage 1 is the corrective part of the analysis, the highest levels of correction are up to 13p - upon price breaking into stage 2, four profit levels exist, three shown on the chart and a forth is a hold trade, after TP all the way to the end of stage 2.
Brexit and geopolitics currently has UK market in a stranglehold, suffocating price movements and creating volatility without much breakaway movement. A time is coming where this coil is released.
Considering current price of 6.70 as risk level:
TP 1 - 13p | R/R = 1:2
TP 2 - 20p | R/R = 1:3
TP 3 - 55p | R/R = 1:8
TP 4 - 85p | R/R = 1:12
TP 5 - 165p | R/R = 1:24
This is not trading or investment advice.
This is a high risk investment, do your own research and come to your own conclusions, don't use my or other people's ideas as your own, it will backfire, trust in your self not others.
Stage 1 is the corrective part of the analysis, the highest levels of correction are up to 13p - upon price breaking into stage 2, four profit levels exist, three shown on the chart and a forth is a hold trade, after TP all the way to the end of stage 2.
Brexit and geopolitics currently has UK market in a stranglehold, suffocating price movements and creating volatility without much breakaway movement. A time is coming where this coil is released.
Considering current price of 6.70 as risk level:
TP 1 - 13p | R/R = 1:2
TP 2 - 20p | R/R = 1:3
TP 3 - 55p | R/R = 1:8
TP 4 - 85p | R/R = 1:12
TP 5 - 165p | R/R = 1:24
This is not trading or investment advice.
This is a high risk investment, do your own research and come to your own conclusions, don't use my or other people's ideas as your own, it will backfire, trust in your self not others.