In the medium term, PIP is moving sideways within a 50 cents range with support at 2.55 and resistance at 3.05. In the short-term, it broke above 2.70 strongly and is now, once again, back near the 3 level. I wasn't expecting PIP to be this strong last week. It gapped up for two days! Given this strength, I doubt it will fill the gaps. I will remain bullish as long as 2.86 holds. I am looking at a flag to form in the next couple of days. A breakout should eradicate 3.05 that may lead to a retest of its all time high price of 3.30. Caveat.
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