Another year, another attempt at charting PAA...So we have just...

Another year, another attempt at charting PAA...
So we have just broken through the downwards channel that we have been in since Elanco shat on us around 2 1/2 years ago (note the long up bar today after a few days of head bumping on top of channel)
I am still a bit sceptical of this rally, yet I have grown fond of the cult. The volume indicators do tell of a small rise in volume over the past 7 weeks, yet the volume is still tiny compared with historical levels. If you look at the recent price jumps, it has all been mostly on small retail sized trades- eg today SP went up approx 10% on only $5000 worth of trades- not out of reach of anyone wanting to do a bit of a pump n dump.
Like most trendline breaks on small volume, if you want to stay alive it might be worth waiting for a pullback and waiting for confirmation (hopefully with decent volume)
20 day EMA has crossed 50, 100 and attempting to cross 200 which is promising, yet RSI is nearly at 80 which indicates an overly hot move and might be too much for this little horse.
I will gladly take the positive momentum, but I am not convinced that "market has woken up"
Disclaimer: If I was any good at this stuff I would not be sitting here talking to you nutjobs