PAM bullish entry, however, earnings day beware.
Pampa Energy (PAM) is showing a strong investment opportunity.
The price recently reacted off a newly formed support area and has now broken out of a higher time frame descending channel—giving us the chance to enter at a favorable level. This breakout, combined with increasing volume, signals strong bullish interest.
However, it’s important to stay cautious: today is earnings day. Despite the bullish momentum, earnings can shift market direction quickly. A positive report could propel the price higher, but a negative surprise could trigger a sharp reversal.
I entered the trade yesterday and added to my position today. To manage risk, I’ve moved my stop-loss to just below today’s entry candle. Now, it's a matter of patience and discipline—letting the market reveal its next move.
The price recently reacted off a newly formed support area and has now broken out of a higher time frame descending channel—giving us the chance to enter at a favorable level. This breakout, combined with increasing volume, signals strong bullish interest.
However, it’s important to stay cautious: today is earnings day. Despite the bullish momentum, earnings can shift market direction quickly. A positive report could propel the price higher, but a negative surprise could trigger a sharp reversal.
I entered the trade yesterday and added to my position today. To manage risk, I’ve moved my stop-loss to just below today’s entry candle. Now, it's a matter of patience and discipline—letting the market reveal its next move.
Dagangan aktif
PAM is behaving well today, and while it’s tempting to add to the position, the price is becoming overextended from the 10 EMA. This usually signals a potential pullback could be around the corner.With that in mind, I’ll hold off for now. If a pullback does occur, it could offer a more favorable entry point, allowing us to strengthen the position with better risk-to-reward.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.