Pitanium's 15-minute chart has recently exhibited a KDJ Death Cross and a Bearish Marubozu pattern at 10:15 on 01/10/2025. This indicates a shift in the momentum of the stock price towards a bearish trend, with a potential for further declines in the future. Sellers are currently in control of the market, and this bearish momentum is likely to persist.
Pitanium Limited (PTNM) has recently exhibited significant bearish signals on its 15-minute chart, indicating a potential shift in momentum and a possible downward trend. On October 1, 2025, at 10:15, the stock displayed a KDJ Death Cross and a Bearish Marubozu pattern. These technical indicators suggest that sellers are currently in control of the market, and this bearish momentum is likely to persist
Zak Mir takes a charting look at the USA Chartbreakers – Friday 26th September 2025[1].
The KDJ Death Cross is a technical indicator that signals a potential reversal in the stock's trend. When the K line (the average of the fast and slow K lines) crosses below the D line (the average of the fast and slow D lines), it is considered a bearish signal. This was followed by the appearance of a Bearish Marubozu pattern, which is characterized by a long red candle with no wick, indicating strong selling pressure and a potential continuation of the downtrend.
According to the latest analysis by Zak Mir, Pitanium Limited has recently cleared resistance around $9 and is currently targeting the July high near $14.80. However, the recent technical signals suggest that the stock may face significant downward pressure in the near future
Zak Mir takes a charting look at the USA Chartbreakers – Friday 26th September 2025[1].
Investors should closely monitor the stock's price action and key support/resistance levels to make informed decisions. The 15-minute chart's bearish signals indicate that Pitanium Limited may experience further declines, and traders should be cautious about entering long positions.
References
Zak Mir takes a charting look at the USA Chartbreakers – Friday 26th September 2025[1] https://www.share-talk.com/zak-mir-takes-a-charting-look-at-the-usa-chartbreakers-friday-26th-september-2025/
Comments
No comments yet