(20/1000)
Bullish Pennant pattern for PFIE.
60,45% possible gains.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during flag forming
9- Volume during post forming
10- ATR ascending, more...
Recently, PFIE has been trading under its 20 EMA, indicating weakness. However, if PFIE can climb above .78, it could see higher highs, and a break above the current resistance represented by the full blue line could bring even higher levels towards to the purple resistance levels. However, PFIE has been holding .688 level very well -- a bounce off this level is...
Profire Energy, Inc. engages in the development of burner-management technologies used on a oilfield natural-draft fire tube vessels in oil and gas industry. It offers line-heaters, dehydrators, separators, treaters, amine reboilers, and free-water knockout systems which facilitate the proper function of the vessel. The company was founded on May 5, 2003 and is...
Although the Aroon begs to differ, the MACD and the Stock RSI are both showing strong momentum and a possibility
of going higher. The AO may flip on the green and that would reinforce my point... Trade Safe!
