HomePrice Action TradingPFC - Swing trading analysis | May give a strong bounce!
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PFC – Swing trading analysis | May give a strong bounce!

By Rajat Kumar Singh
Updated:
50
PFC - Swing trading analysis
PFC – Swing trading analysis | Timeframe: Weekly
PFC - Swing trading analysis
PFC – Swing trading analysis | Timeframe: Daily
  • Not a fan of this stock but PA is showing a potential setup.
  • The price is resting at the weekly flip zone and just under the 200 weekly MA.
  • Seems like a swing failure on the daily chart.
  • In terms of candlestick patterns, we can notice the breakout of the inside bar pattern on daily.
  • The RSI is strongly curving upwards, indicating a possible relief rally.

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Rajat Kumar Singh
An engineer turned trader who is passionate about creating clean and insightful charts. Rajat works as a Community Manager at TradingView, a popular charting platform with over 50 Million active users. He started this blog with the aim to educate fellow traders offering them valuable insights on different aspects of trading. Join him in his journey to becoming a better trader! ❤️

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