Panasonic (PCRFY) is primed to run

8 Nis 2019

Looking at the day chart, the stock is approaching a prime BUY zone. There is strong support from the double bottom that breaks the forming bear flag. The current fib resistance could break bullish, partially signaling a BUY. The RSI divergence along with a bullish EMA crossover would confirm the LONG (approx $9). The exit strategies are shown on the chart for both a positive and negative exit. If all goes well, in a few months the stock could rake in over 40% if the target $12.7 price is met.

8 Nis 2019

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I just realized that the text boxes overlapped when publishing. Just move your pointer over the box text to see what they say!