PSO Pak State Oil Mid-Term Analysis 7th July 2019

Further Advance

Our Pivot: 167.30

Our Preference: Buy PSO as long as its trading above 172 with strict stop loss of 167.30 and profit target at 183 and 194 with extension towards 203.

Alternate Scenario: Downward penetration of 167.30 will call for 161 and 155.

NOTE: PSO have penetrated above its resistant trend line and now its heading towards expansion of its last wave.

Daily Chart with Supports and Resistances: