Watch for trendline breakout on PFC.
Reasons to take up the trade:
1. The stock has been consolidating near a 3 year-long trendline resistance.
2. Long wick on a weekly candle shows strong price support at those levels.
3. Horizontal resistance zone at 124 levels. ( Marked with violet down arrows)
1. The stock has been consolidating near a 3 year-long trendline resistance.
2. Long wick on a weekly candle shows strong price support at those levels.
3. Horizontal resistance zone at 124 levels. ( Marked with violet down arrows)
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