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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Wednesday, November 22, 2017

$PXP Study 20171122

$PXP Daily Chart as of November 22, 2017
$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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