$PXP Daily Chart as of November 22, 2017 |
Notes:
1. Volume turn over is almost six times the 20-day Volume average.
2. Price drop is a almost similar to Sep 26th.
3. I'm seeing a price channel and the mid-point of that channel appears to be critical to trading.
4. A revisit to the lower end of the channel for me is logical.
Market decides where the money goes. Always have the guts to execute your stop loss. Mind the levels. Manage the risks.
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