PA DAILY
Due to numerous requests on "what to do next", We start this week's discourse with volatile PA. What a week it was, attempting to reach for the upper end of the channel (blue line at top near .29-.30), but to no avail, thus heading back down hugely today. Encircling the tops, the price bar indicates a higher high with .215 last early September, and now .28 just today. However, since prices have already begun to head down, we may now identify its corresponding macd as forming lower highs (also encircled in green below), thus forming a bearish divergence. The initial effect of this evident weakness will bring PA back to its uptrendline channel support at .20, and a precarious position threatens it, but that would be preempting too much. . .
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