Wednesday, July 06, 2016 6:24:15 PM
http://stockcharts.com/h-sc/ui?s=PIRS&p=W&b=5&g=0&id=p32149841856
Watch for break up or down of downtrend/ uptrend lines that have formed a triangle.
That said, the indicators are basically neutral.
As Seel said, volume is a big key here.
Shorter term 6month daily.
http://stockcharts.com/h-sc/ui?s=PIRS&p=D&b=5&g=0&id=p95890892868
Indicators are mixed. Moving averages are important for resistance points.
While there is a channel from 1.60-2.00 the action to watch is price relative to moving averages and the bb's. Unless volume increases and is positive it is unlikely that price will rise above resistance. Current price is in bottom half and receiving increasing pressure downward. The consistently long poles on the last five candles show the struggle to maintain price. Pinching bb's suggest a coming decision point as price tightens in the trend wedge/triange and the 50 day continues to sink. Volume is a key here as well.
Indecision rules right now.
All IMO and informational and subjective opinion only. Trade your own plan and set ups.
Green Trades to all.
Recent PIRS News
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