Sometimes simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in PPL. Check out how we accurately predicted on the possible up move on PPL which has rallied more than 19% in just 9 trading sessions.
We published about PPL in "The Financial Waves Short Term Update" on 16th August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
PPL Daily chart anticipated on 16th August 2024
Wave Analysis anticipated as on 16th August 2024:
PPL has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 12.40%.
On the daily chart, in the previous session prices formed a bullish candle. Price is moving in a rectangular range over the last few days indicating accumulation in the stock. Price has closed above this trading range which results into a bullish breakout of the rectangular pattern. MACD is above 0 and MACD line crossed above the MACD signal line which indicates that bullish momentum has increased in this stock and may continue in the coming session.
In short, trend for this stock is positive. Use dips towards 540-545 as a buying opportunity for a move towards 595-600 levels as long as 520 holds on the downside.
PPL Daily chart Happened as on 28th August 2024
Happened – The stock has moved as we anticipated. Prices showed a rise of more than 19% after a dip and achieved targets of 595-600 and made a high of 646 in today’s session. We successfully captured move of more than 19% in just 9 trading days and achieved our targets in just 5 trading sessions.
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