As today it opened higher than closed yesterday, PTBA has slided down today. This might caught some retailers, but not me, as I sold them in profits, eventhough I still got 1 left. Let's start the analysis.
As days ago it rallied fast and showing a great uptrend after a downtrend which was reversed by a bullish engulfing pattern which ended quite high & finally closed it's bullish at 10% higher at the reversal.
Unfortunately for those who didn't take profit today, will suffer further loss, as the graph showed the new reversal bearish, which is Bearish Engulfing Pattern & this might skid PTBA more, as the BEAR is very big & bigger than the bull. This is the time to wait & see the reversal of PTBA, once it gives reversal pattern then its the entry time. Today is a great exit time & let's wait for the next entry time.
Happy Trading...^^
Disclaimer ON!!!!
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