[PBR] update

In the backlink I was hoping that the count would end with a three but it looks to be turning into a five.  Here was the model I provided with very tight 10 cent stops.  It was taken out quickly and thus invalidated for a small loss.




Primary model below is the red path.  It has very tight stops.  Current price is $5.16, stops should trigger at $5.11.  That's a 1% ante on betting this hand.  If 5.12 holds then look for resistance at the upper parallel rail and the potential for an even lower low.  If we see that, buy with both hands, target $10.50.

If this goes up above the top blue rail, not necessarily with a gap, then the odds shift heavily to the blue path.  If you just don't care about grubbing the last penny out of the trade and you feel it is low enough that fear of missing out is a big deal, buy a 1/3 position on Tuesday and the wait a week and buy 1/3 more and then wait another 1-2 weeks before finishing the purchase for this position.