Cup'n handle confirmed in yet another ressource stock.
This partern could reverse on the 10$ mark. If thr price action breaks the 10$ resistance, could run for quite a while.
Price target = 11.35$
Stay humble, have fun, make money!
$PEY - I am a big big fan here. This is a 5 year chart. Slaughtered. 2 year falling wedge that is really tightening up. MACD bullish divergence with price action for over 2 years. RSI double bottom and poking above pattern.
TSX:PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards.
I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day...
