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PFH bounced off support and pushing back into channel

Panjang
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED (ASX:FPH)  
ASXSignalCentre  
ASX:FPH   FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
Trend Analysis
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trendanalysis
Fisher & Paykel looking to resume range channel. Found its bottom at 26 support level. Point of control for the channel sits around 31 which could be the first target. Second target would be around 33. MACD crossover with good volume is confirming the move. a more cautious trader might wait for a closed daily candle inside the channel and above 29. Good risk to reward with a stop just below 28.
Penafian

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