Pantry(PTRY) is a top stock to buy now on Nasdaq
Following the pivot high at point D, the stock prices of Pantry(NASDAQ: PTRY) gapped down,fell sharply then formed the pivot low E at the Lower Trigger Line and the Warning line 1 of the Andrews Pitchfork.The Lower Trigger Line works as a bullish support line.
The stock chart of PTRY displays bullish cradle pattern which starts with a long red down day followed by a serie of doji's day and ends with a long white up candle.
The apparition of the bullish Candlestick Cradle Pattern at the major rising support line and in the oversold condition implies the PTRY stock is losing its downside drive.This is an important buying signal.. The gap up of the prices at the open and the close around the previous close reinforce the buying opportunity.
Christian Bayonne is an independent investor. He has built a unique trading approach that uses technical analysis techniques to find investing opportunities.
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