Long
Pernix Therapeutics Holdings - PTX - Symmetrical Triangle
A nearly perfect symmetrical triangle... look for a strong breakout!
This is published for newer traders to learn basic concept, unfortunately for some odd reason I was not able to publish in its original 5 minute time-frame. Please refer to "Related Ideas" Link at bottom of description for original work.
Symbol:
PTX on the Nasdaq
Keep in mind this stock has 60%+ institutional ownership and is susceptible to MM play, therefore TA can at times be less effective, if not effective at all. In any case, I believe this is a bullish , long play.
Recently there have been rumors of a buyout..
insiderfinancial.com/pernix-therapeutics-holdings-inc-nasdaqptx-about-to-be-bought-out/116635/
This is published for newer traders to learn basic concept, unfortunately for some odd reason I was not able to publish in its original 5 minute time-frame. Please refer to "Related Ideas" Link at bottom of description for original work.
Symbol:
PTX on the Nasdaq Keep in mind this stock has 60%+ institutional ownership and is susceptible to MM play, therefore TA can at times be less effective, if not effective at all. In any case, I believe this is a bullish , long play.
Recently there have been rumors of a buyout..
insiderfinancial.com/pernix-therapeutics-holdings-inc-nasdaqptx-about-to-be-bought-out/116635/
Note
BREAKOUT !!!!Note
Oops, that one was a joke, sort of .. here ya go !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.