clair097

Premium Leisure Corp. PLC has recently hit the major resistance at 1.60 after a +25% rally since it rebounded from its 5-month uptrend line last February. The major resistance at 1.60 is also around 20% upside from the previously recommended test buy point. See " PLC trend trading potential " analysis: https://psetrends.blogspot.com/2017/02/plc-trend-trading-potential.html Trading Plan - Scale down position (take profit) near the major resistance area (or wait for the trailing-stop to be hit before closing position).

Premium Leisure Corp. PLC revisited the nearly 5-month uptrend line around MA50, a potential support area for the current trend. *Major support at 1.20. Trading Plan - Test buy near the uptrend support line or around 50MA to ride the trend. - Set stop-loss just a bit below 1.24 or on major support breakdown. - Profit run a winning trade with trailing stop.