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PRA Group: Bullish Shark at a Weekly Support Congestion Zone

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PRA Group, Inc. (NASDAQ:PRAA)  
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NASDAQ:PRAA   PRA Group, Inc.
Harmonic Patterns Technical Indicators Chart Patterns debtcollector debtbuyer consumercredit debt defaults delinquency bankruptcy realestate loans
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harmonicpatterns indicator chartpattern debtcollector debtbuyer consumercredit debt defaults delinquency bankruptcy realestate loans
PRA Group is currently trading above a Support/Resistance Congestion Zone visible on the Weekly Timeframe, and at this zone it has formed a decently sized Bullish Shark pattern with a Bullish PPO Arrow as confirmation, and this all happens to align with the all-time 0.786 retrace. If this plays out, I think it could come back up to make around a 0.886 retrace, which would put it at around $60.

For further context, PRA Group is a Debt Buyer/ Collector, which is something that furthers my interests in the stock.

Idées en relation

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