PAEL PakPak Elektron Ltd Short-Term Analysis 02 Nov. 2015
Under Pressure
Our Pivot: 85.70
Our Preference: Short Sell below 80.85 and average out till 82.63 with strict closing stop loss of 85.70 and profit target at 71.95.
Alternate Scenario: Upward penetration of 85.70 will call for a new bullish era in PAEL and it will target 90.25 and 92.50.
NOTE: PAEL is getting resistance from a resistant trend line along with horizontal resistant area. It already have fulfilled its 61.8% weekly bearish correction and now can enter in expansion mode after closing below 7.95.
Recommendations:
Short sell below 80.85 and average it out till 82.63 with target at 71.95
Weekly Chart with Supports and Resistances:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Melissa Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Peter Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.LEAVE A COMMENT