PRXAn extract from today's Active Trading Plan.
- No doubt that the the price action in PRX and NPN has been terrible, with continuous selling.
- Yesterday we saw a gap at the open and continuous selling pressure into the close.
- Extracting the daily tactical data, the reading suggests: “becoming attractive for small long position”, but would look to add: “phase in”.
- For tactical and ultra short term traders, if you want to be long, the following applies:
- If the share opens lower but reclaims Monday’s low, then it will be a signal that the share is attempting to stabilize.
- Please note, it must reclaim the prior day’s low (R1304) to trigger.
Similar to yesterday's comment on NPN.
