PT Long Trade Follow Up

On Friday, July 12th I brought you the PT long trade idea, up about 3.25% today.

Check out the original idea, but here's an alternate I'm looking at that may help you set some targets and expectations.

This could be the left shoulder and the head of a fairly large inverse Head and Shoulders bottom, if so, then as PT approached the neckline just above $9.00, we should see some short term distribution, it may be an area to take profits and the bottom trendline may be an area to re-establish a new long position looking for the breakout, which would imply a target of at least The mid $10's, but  think more likely closer to the $12 are. If you are in the trade, keep n contact with me as these levels are reached.