By Licia Leslie
August 25, 2024
Hi Shoppers,
Portillos (TIcker: PTLO) has had a nice rally off the low and doji created on August 5th:
It is now up against resistance of another pitchfork at $12.27.
It has been trading in a box range for the last six days.
That range is from $11.86 to $12.46.
Once it breaks out of the consolidation, to the upside resistance comes in at $14.37 and on the downside support is at $10.98.
Wait for the breakout up or down before hopping in.
Trade Review
Occidental Petroleum (TIcker: OXY) did rally up over a dollar on Friday. I am riding my calls up to $58.20 and possibly $59.25.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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