PLC at potential profit taking area

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PLC has recently hit the major resistance at 1.60 after a +25% rally since it rebounded from its 5-month uptrend line last February.

The major resistance at 1.60 is also around 20% upside from the previously recommended test buy point. See "PLC trend trading potential" analysis:
https://psetrends.blogspot.com/2017/02/plc-trend-trading-potential.html

Trading Plan
- Scale down position (take profit) near the major resistance area (or wait for the trailing-stop to be hit before closing position).


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