Foren & Soziale Netzwerke zur PILGRIMS PRIDE Aktie

 

This is a huge level. Im hoping we hold and make all time highs. Could be wrong. Using a stop loss. Not very complicated.

PPC is at the bottom of a monthly box and at VAL of the daily and weekly anchored volume profile. It could catch a bid here and retest $45.60s(VPOC). If the retest ends in a rejection of that area, and a daily close below the previous low around $41.95 then I expect short continuation and validation of the H&S. I would especially like this trade after a retest and rejection of box bottom around $43.41 - $43.30. My targets would be 40.11, 38.98, 37.27,35.96 then 33.72.

Got bored and scanned the market for potential shorts. This is what I came up with. The put call ratio on this thing isn't very high but that could change if we see a shift in character price action wise. There is a daily head and shoulders, I've drawn my target(low 30s) on the chart. Let's see what happens. ~The Villain