PEL : Trade Setup

6 сент. 2020 г.

PEL
Hi Traders,
PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend.

Stock Analysis
* Stock has broken trend line.
* Stock has broken support line.
* Developed bearish flag pattern.
* Retracement of flag is less than 50% of its Pole.

Sell Level
Current price level

Target Level
TP1= 1143.20
TP2= 1044.10

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* This analysis is educational/learning purpose only.
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