PSWS - A CLOSER LOOK AT THE CURRENT FLAG FORMATION
PSWS looks like it is forming a solid flag formation with a base that is easily predictable.
The MACD is still downtrending and wide open. Once the trend lines cross and both head upward, it could be a good point to jump in.
It looks like a new base will form somewhere on the yellow highlight that I have drawin in. Once it lands on that base, if all the indicators continue this trend, we should see the next big breakout and the start of a new flag formation.
Depending on whether or not this is a "real" company with legitimate news, it might be one to hold until the end of several flag formations.