[19W27] PIP Update

This is my Year 2019 Week 27 [19W27] update. As said in my earlier post, (see it here), the price of 1.92 which is 61.8% Fibonacci from the recent support had just broken and my next resistance is now at 2.40. 

My BUY signal confirmed the crossing of EMA55 (red line) and MA89 (blue line) on 28-June-2019, consistent with the Parabolic Stop and Reverse (SAR), notable as well that RSI(14) is overbought at 83% which means for me that PIP is no doubt in bullish territory. 

If the new resistance of 2.40 is broken in the near term, then I'm expecting the price of 4.09 on 12-Feb-2017 to be converged before year-end. Otherwise, a sideways trend from 2.40 to 3.10 may be the probability in the medium term.

DISCLAIMER: I'm not a Certified Financial Planner. Published herein is my personal opinion and should not be construed as a recommendation, an offer, or solicitation for the subscription, purchase or sale of this security.