1. Price found support on the all time VWAP and had a strong push up. 2. Resistance found at the anchor of the new high, and support found back at the VWAP. 3. Breakout 4. Resistance found at the Oct 2020 high AVWAP 5. Pinch formed. Retest/support at 2's AVWAP break, and resistance at the high's AVWAP 6. Breakout
Assumption is the move continues as the price has broken out of the pinch. Next potential resistance is the Oct 2020 AVWAP again. If this move holds I'll add a breakout AVWAP to see how price reacts to it on my next post.
The AVWAP that price is hitting now is from the July 2019 breakout. I've left it on because price still seems to be bumping into it. I don't have any real opinion on how it may react to it at the moment though.
I'm a pretty new holder of PYC and unfortunately didn't get to pick up as much as I wanted to inside the pinch, but I did pick up a few more on the break today.
PYC Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)