Technical Analysis Day Trading Opportunities: PAL
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PAL has made quite a significant run, over 100%, in the past week or so which gives us an opportunity to possibly capitalize on a breakdown of this bull run it has been making. Looking at the 60m chart momentum has slowed and formed a consolidation pattern. At this point it could
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I would look for PAL to try
I would look for PAL to try to fill in the gap it made from mid 6s to 7 area in feb. It might be worth starting a long position near 7 and averaging in. Would only get concerned if it dropped below 6, should not go that far. Of course since its a metals stock, have to keep an eye on the larger sector that they dont go into correction mode.
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