Strong impulse move underway with price breaking out of its prior consolidation band. The aggressive upside volume indicates real institutional or buyer demand, though a brief cooling-off period is ideal before the next leg up. Patience for a retest of former supply turned demand will yield a much tighter risk-to-reward ratio.
PNG
EP
$0.3050 - $0.3200
TP
$0.3550
$0.3800
$0.4150
SL
$0.2880
Continued acceptance above $0.3000 confirms that buyers remain in control and opens the door for further expansion. Losing $0.2880 would indicate a false breakout and invalidate this trade idea.
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