Technical analysis by ajkhan30 about Symbol PAXG: Buy recommendation (2/6/2023)

Bullish Biases1) The daily time frame (DTF) shows that the price action has breached both Tenkan-sen (Conversion Line) and Kinjun-Sen (Base Line) from below as point No.1.2) Though the price action has successfully penetrated Tenkan-sen and Kinjun-sen shown at point No.2 but the fair size of Kumo (cloud) is expected to withhold and subsequently repel it in uptrend.3) The Chikou Span (Lagging Line) has crossed above the Tenkan-San and Kijun-San, price and Kumo is yet another indication of the strength of uptrend.4) The price action has pierced a fair thick portion of the Kumo (cloud) which is an additional sign regarding the strength of the bullish trend.5) Senkou Span A (Cloud Span A) has crossed Senkou Span B (Cloud Span B) and is currently rising above price, Tenkan-sen, Kijun-sen and Chikou Span is strong indication of uptrend.6) The present angle of ascent of 42 degree is a strong indication of the strength of the uptrend. Anything between 35-45 degree is considered strong trend.P.S. Chart Assessment is entirely based of proposed probabilities and only for academic purposes. It is not a trade recommendation of any kind. Please do your own assessment & research before taking decision to execute any trade transaction. Please Subscribe, Like and share for more Trend Analysis and Chart Assessments.