Disclaimer


This is my unsolicited Point of View and is _not_ a recommendation to buy/sell the security.

*** DO NOT *** attempt to trade unless you FULLY understand the associated (financial/emotional) risks and you FULLY accept responsibility of the results of your actions.

Mind the levels. Manage the risks. Protect your capital. Protect your gains.

Keywords

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Friday, October 13, 2017

$PXP Study 20171013

$PXP Weekly Chart as of October 13, 2017
$PXP Weekly Chart as of October 13, 2017

Notes:
1. Excellent price push with 13%+ increase from last week.
2. Is CCI resting before heading down? Past rests were followed by a continuation :(
3. Mind the levels, manage the risks. Price is nearing 127.2% Fib Ret levels with next week's Pivot Point at 8.88 (that's 113% Fib Ret level!), R1 at 9.69 and S1 at 8.36.
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