Trend only took a breather but not a retracement. Once again the closing is almost at the exact recent high and 100% fib extension of 1023 points. I am closely watching the reversal, let's see how it'll work. However some followed my suggestion of collecting during this breather. Which paid off.
PLT - became the favourite of the retailers since april of this year. There was a retracement in late june making a swing low. There after it rallied again to complete a 1 time trend extension on the 18th of September. This sector will now move into a retracement or have moved into a retracement already. This will bring it back to a range between 900 and 950 points, and expect a trend continuation to test 1020 to 1100 points. Watch and pick your favourite stock in this sector little by little for another move up.
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