PTL : Possible rebound to 24.50-25.00
February 28, 2011 Leave a comment
On Feb 9 we said it to wait at 24-25 for PTL when it was trading at 29 or so, and with Monday’s low of 21.60 and a close at 23.50 there is a bullish engulfing pattern on the day chart which should see a move to 25 or very near on Tuesday / Wednesday
Entry from 23.30-23.50 with a target at 24.50-24.70. Use 22.85 as the stop or 23.15 if day trading.