Ok here’s the gameplan.

Similar to Round 2, PX is on unchartered waters — Making new highs accompanied by wild volume. In round 2, instead on selling on target at 8.8, I held on to my shares until a clear reversal. We can do the same but the problem I see is that in round 3, PX hasn’t consolidated yet. Now what should we do?

May I propose the following:

• if you bought below 10 and can afford to hold on, just hold on. Don’t forget to set your stop to breakeven; It’s Profit or nothing.
• If you bought above 10, sell on target.
• If you want to protect your profits, lighten up on the way up — scale out
• If you’re not in the trade, wait for a pullback; It’s risky to get in now.

If all goes well, our target will be adjusted to 18-20 or more.

Good luck!