1. PKT broke out from a neutral symmetrical triangle at the beginning of Jan on rising volume & after buy signals from the MACD, slow stochastic & ADX, (not shown).
2. Formed a bullish flag continuation pattern with expected falling volume late Jan to the end of Feb.
3. Slow stochastic gave a buy signal, (supported by rising MACD & volume), in early March & PKT broke through the top of the pattern & 'volume by price' resistance to form another rising trend.
4. Trend finished early April when slow stochastic crossed from above when overbought & fell back to 'volume by price' support formed during the rise @ 6.7.
5. Bullish symmetrical triangle formed over last 6 weeks supported by falling volume.
6. Slow stochastic gave ANOTHER buy signal yesterday.
7. Look for confirmation of this signal in rising volume, (20 million by next Fri) & MACD plus a close above the pattern & 'volume by price' resistance lines next Friday, (this is a weekly chart) & also 9.3 soon, (the recent high).
8. I jumped on last week @ 8.1, also hold BLR from 7.3
All the best
Chalea
PKT
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