PNSN was posted at a breakout of this primary downtrend line back in late december. although i personally took profits on the trade early, it turned out to make a nearly perfect tag of my 3rd and (original) final target, T3 and has since recycled all the way back to T1 (former resistance/target which is now support). i did remove the trade from the active trade list after it hit T2 due to my concerns about building risks in the broad markets but congrats to anyone who took it for the full 50% ride and held out for T3.
for those looking for some long ideas, PNSN should have worked off enough of the overbought conditions from that initial post-breakout run. had i been watching the stock today, i would have posted it right before or during it’s descent and perfect kiss of T1 as that is/would have been the most objective entry, with a stop just below. however, this one could make another run higher if the broad market does the same. again, consider a stop not too far below T1 if you take it. charts in order as posted.
