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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Based on the annual report, PSH only needs to be 13.1% higher than the closing price of Aug. 28th to be included in FTSE 100 by the year end, assuming everything else don't change. That means PSH needs to pass 30.55, as noted by the green line. We are 5.6% away. We just need one more market rally, or compress the discount a bit more.
EURONEXT:PSH failed to move over the resistance, is currently traded with a 30 % discount to its NAV. We can see a clear resistance, when it is crossed, a pro cyclical trade is possible.
