PL set to punch through $10: buy the dip near 9.55–9.60 for a 10.20 target within 24 hours

Executive summary and 24h outlook

• Bias: Bullish continuation with a buy-the-dip preference. Expect an early fade toward 9.50–9.60 followed by a push into 9.92–10.05; a clean break opens 10.20–10.32 in the next session.
• Key levels (classic pivots, based on 9/12 H=9.79 L=9.39 C=9.78): P=9.65, R1=9.92, R2=10.05, R3=10.32; S1=9.52, S2=9.25, S3≈8.98.
• Plan: Enter on a pullback (limit ~9.58) or on strength above 10.06 (breakout add-on); target 10.20 in 24h.

Step-by-step technical analysis

1. Price structure and trend

• Regime shift: PL transitioned from a multi-month base (3.6–4.1 in May) to an uptrend after the June 5 breakaway gap to ~6.00 on extraordinary volume (68.3M). That event re-priced the stock and began a series of higher highs/higher lows in the 6–7.2 band through August.
• Second re-pricing: Sept 8 gap-and-go from 6.53 to a 9.66 close on 64.2M shares. That’s a second, larger breakaway gap creating a new value area around 9–10.
• Short-term sequence since the Sept 8 spike: Pullback days on 9/9–9/10 (9.02, 8.97) retraced only ~23.6–38.2% of the 7.29→9.71 impulse—shallow, signaling strong demand. Then 9/11 bullish expansion back to 9.67 and 9/12 follow-through to 9.78. Structure = wave-5/style continuation leg targeting a marginal new high versus 9/11 high (10.08).

2. Support/resistance mapping (confluence)

• Immediate resistance: 9.92 (R1 pivot) and psychological 10.00; next 10.05–10.10 (9/11 high 10.08 and R2 pivot 10.05); extension zone 10.30–10.32 (R3 pivot, measured move from the 9.40–9.50 base).
• Near supports: 9.50–9.60 (S1 pivot ~9.52 and 9/12 real body zone), then 9.20–9.30 (S2 ~9.25 and 9/11 VWAP region), deeper 9.00–9.05 (round-number/9/10 close).
• Gap shelf: The Sept 8 gap leaves a demand zone well below (7.7–8.8), unlikely to be challenged in the next 24h absent a sharp risk-off shock.

3. Moving averages, trend strength, and overextension

• SMA10 (approx) ≈ 8.03; price ~21% above = strong momentum regime. SMA20 (approx) is rising into the high 7s/low 8s; SMA50 now rising through mid-6s. Bullish stack (price > SMA10 > SMA20 > SMA50).
• Interpretation: Price is extended short-term versus fast MAs but in classic “trend-with-bands” behavior. This favors modest dips that reset intraday oscillators before continuation.

4. Momentum oscillators

• RSI(14) (approx): elevated but not extreme; post-spike cool-off on 9/9–9/10, now re-accelerating. Est. mid- to high-60s/low-70s. In a strong trend, RSI can “ride” 60–80 while price walks the upper band.
• Stochastics: near the top of the range, consistent with momentum continuation; pullbacks to 50–60 tend to be bought in this regime.
• MACD: positive and re-widening after the brief contraction on 9/9–9/10. Histogram expansion supports another upleg.

5. Volatility, Bollinger Bands, ATR

• ATR(14) has expanded materially post-gap; estimate ~0.70–0.80, implying typical day range of ~7–8%. 9/12 range was ~0.40, indicating energy reload is possible.
• Bollinger Bands: price oscillating near/above the upper band since Sept 8. After a two-day mean reversion, price is again hugging the upper band—classic “band walk” behavior. Expect either a brief intraday pullback to mid-band proxies (~9.4–9.6 intraday) or a direct squeeze through 10 on volume.

6. Volume/flow analytics

• Trend-volume alignment: Both re-pricings (June 5 and Sept 8) had outsized volume, consistent with institutional participation. Follow-through days (9/11) again printed elevated volume, and 9/12 remained well above pre-gap averages.
• OBV/Accumulation-Distribution (qualitative): clear uptrend; pullback days showed contained distribution relative to accumulation days—healthy structure.
• Volume shelves: Minimal overhead supply above 10 given the multi-month base was far lower; psychological round-number offers resistance but no deep historical supply.

7. Candlestick diagnostics

• 9/8 wide-range bullish candle (marubozu-like). 9/9 printed a long upper wick (exhaustion test) followed by 9/10 small range down—this created a 2-day shakeout. 9/11 large bull candle engulfed the prior two days’ bodies and probed 10.08; 9/12 small-bodied bull near the highs suggests coiling just under resistance.

8. Fibonacci and measured moves

• Sept 8 swing: Low 7.29 → High 9.71. 23.6%/38.2% pullbacks at ~9.14/~8.78; the pivot pullback to ~8.97 respected a shallow retracement—bullish.
• Measured move: The 9.40–9.50 base to the 10.08 probe implies a 0.58–0.68 thrust; projecting from 9.58–9.60 gives 10.16–10.28, aligning with R2–R3 pivots.

9. Ichimoku, trend models, and Elliott Wave lens

• Ichimoku (qualitative): price well above cloud; Tenkan > Kijun with a bullish span; no immediate overhang from the cloud—supports trend continuation.
• Regression channel: rising, with price near the upper rail; a small dip toward the midline (≈9.5–9.6) would be textbook prior to a fresh push.
• Elliott Wave read: From the Aug 21 pivot (6.35–6.48 area), count suggests wave 3 concluded at 9.66 (9/8), wave 4 at 8.97 (9/10), with wave 5 advancing—typical wave 5 targets marginal new highs (10.1–10.5) before a larger consolidation.

10. Intraday playbook for the next session (24h)

• Primary scenario (60%): Early dip to 9.50–9.60 (S1 zone/VWAP test), buyers step in, push through 9.92 (R1) and attempt 10.05 (R2). A hold above 10.05 fuels a squeeze into 10.20–10.32.
• Secondary scenario (30%): Direct open-and-go squeeze through 9.92 → 10.05 without a deep dip; shallow pullbacks get bought; intraday consolidation near 10.00, close ~9.95–10.10.
• Risk scenario (10%): Failure at 9.90–10.00 with a heavy market tape leads to a drift toward 9.25–9.30 (S2). This would likely be bought on the first test unless broad risk-off intensifies.

11. Risk management notes

• Liquidity/volatility are elevated; slippage risk is real around 10.00. Using limits is preferable. If the dip doesn’t materialize, consider a smaller “starter” on a breakout >10.06 with strict risk control.
• Suggested protective stop (not part of the output fields): below 9.22 (beneath S2 and 9/11 VWAP) keeps the trade structure intact while maintaining R:R ≈ 1:2 to a 10.20 target from a 9.58 entry.

Synthesis and conclusion

• Multiple, independent signals (trend structure, volume-led re-pricing, shallow fib pullback, rising MAs, positive MACD, RSI band walk, pivot confluence) support a continuation push into and through the 10.00–10.08 zone in the next 24 hours. Optimal execution is a buy-the-dip around 9.55–9.60 with a tactical 10.20 objective; breakout adds above 10.05–10.08 remain valid but with slightly inferior R:R.