Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

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TSX:PKI - Post Discussion

Parkland Corp > TECHNICAL INSITE. GLTALongs.....

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Post by Mrlongpants on Jan 06, 2023 6:26pm

TECHNICAL INSITE. GLTALongs.....

Head and Shoulders Bottom

2022 Dec 08Daily

Intermediate-Term Bullish

Volume	1,071,141
Close Price	29.35
Target Price	34.00 - 35.00
Pattern Duration	46 days
Inbound Trend Duration	100 days

Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.

The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.

13 Bullish

Most Recent Target 34.00 - 35.00

6 Bearish

270