POG

There seems to be a double bottom forming on the hourly, fingers crossed, as I bought in yesterday!

The target it says in IG is 301...I hope it doesnt go there... but its POG..anything can happen lol

Petropavlovsk ST: under pressure below 378.25
Our pivot point stands at 378.25.

Our preference: under pressure below 378.25.

Alternative scenario: above 378.25, look for 403.75 and 418.5.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day MA (respectively at 375.42 and 358.36).

Supports and resistances:
403.75 *
378.25 **
368.75
349.5 last
316
301.5 **
287.5 *

Thanks UKnosferat, I actually bought my first tranche at 344 today. I'm wondering whether I'll get a 2nd entry at a similar price tomorrow (as Remo often says, half way down the hammer; if it confirms of course). Hope you're wrong about 305!!

possible hammer forming

Hi Shorty

Not sure if your lookin to go long or short but, i'd be looking at going long near 305 should it get there. Only my opinion.. Chart attached

Gud luck

screencast.com/t/QyI6NmIfG7

For me POG didn't complete the move to the top of it's falling trade channel at around 434. Can't help wondering whether tomorrow will give us a long entry with a that target.

See annotated chart above for what I'm seeing. Would very much welcome input on this.