In Retrospect: PLTL, ISM

PLTL

PLTL broke resistance at 7.10 but without volume. However it was able to sustain its upward move toward 7.30 and eventually also broke out from 7.30 with considerable volume. The last 3 trading days were characterized by above average volume. RSI is now oversold and there is a possibility that 7.30 support (previously resistance) will be re-tested.

ISM

I’m unsure of how ISM will fair in terms of the flag/pennant formation. Usually in the local market flag/pennant formation has a duration of 3 days for it to form. For ISM it has already taken 5 days for the formation and still no breakout. Watch out for support at 0.042, price going below that would be a signal to sell.