Pace Range of Buying and SellingPace range of buying and selling is
Buy at 5
Sell at 6
SL should be apply as per your risk taking methodology
Note: This is not a buy\sell call.
PACE trade ideas
PACE | Bullish Continuation ExpectedThe stock is presently trading above its 200-day Exponential Moving Average (EMA), adhering to a parallel channel that signifies a bullish trend. On the daily timeframe, there is a clear formation of Higher Highs (HHs) and Higher Lows (HLs). The price has recently experienced a pullback from the support level of the parallel channel, currently hovering above this support. A retracement toward the initial resistance level of 4.45 is anticipated.
Should trading volume increase and the price break above and sustain above this resistance level, it is plausible that the price could test the upper boundary of the parallel channel, approximately 5.50. However, this bullish outlook would be invalidated if the channel breaks downward. To manage risk effectively, it is advisable to set a stop-loss order at 2.50.
PACE | Flag Pattern Need Confirmation🚀 Stock Alert: *PACE*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buy Stop: 3.05
🎯 Target Level : 3.65
⚠ Stop Loss: 2.70
⏳ Nature of Trade: Short Term
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: NO
📰 Technical View: PACE's flag pattern breakout at 3.05 presents a compelling opportunity, with a target at 3.65 and a stop loss at 2.70 providing a structured risk-reward profile. Traders should remain vigilant and adapt their strategies as needed to capitalize on potential market movements.
