HamzahPatel
Long

Persimmon Imminent Bullish Reversal

LSE:PSN   PERSIMMON PLC ORD 10P
After bouncing off its channel support with a rounded bottom, we are looking at the beginning of a bullish reversal. Within the oversold stochastic , there has just been a bullish crossover. The MACD is beginning to converge. Furthermore, it's still trading above the ichimoku cloud , which also acts as a support. To top it all off, the technicals lined up here have already triggered all previous bullish reversals within this channel. It would probably be wise to go long.

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