To The Moon

PINS - A different perspective from previous sharing! 

Previous sharing - In a buy channel with consistent controlled sell drives

Took another angle of analysis to the counter. 

1. Area of balance (aka Trading range)

- From 2023, it has been in a consistent trading range 23.80 to 27.44

- There has been look above and fail as well as look below and fail (meaning they all break back into range)

- The range is very much made up of 2 similar ranges with 25.61 in the middle

- Price action is now at the top of range (near 27.44)

2. Bullish scenario

- Range play often means that a a bullish outcome means the breakout must be above 27.44 and stay above. 

- And even if break back into range, it needs to hold in upper half of range which is >25.61

3. Bearish scenario

- It does not break out of 27.44 and gets rejected back into range, will test support at 25.61

- Failing 25.61 is likely to go back 23.80

- Very bearish means below 23.80

Summary - Much to be bullish for now based on the potential break of 27.44

@TigerStars  @CaptainTiger  @melson  @LMSunshine  @Deposit  

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