PSO PROBABLY IN WAVE ' C ' - SHORTPakistan State Oil Co. Ltd. Class IPSX_DLY:PSOKayJayPSO is most probably in wave C of an ABC correction If our preferred wave count is correct then PSO will target 300 level and then 255 & below. Alternately, we might still be in wave B which can take price above towards 420 - 425 level. We will enter trade at 341 once 342 level is taken out. On the other hand if price bounce back up from 342, we will enter trade once price touch the blue trendline. Note: Keep a close eye on the news/developing situation, if Oil ships start getting attacked thru Bab al-Mandab Strait in Red Sea then crude oil prices will most probably go beyond 127 & above which will probably drive PSO prices down giving confidence to this wave count. Trade Setup: Entry level: 341 or when price touches blue trendline Stop loss: 401.10 1st Target: 300 2nd Target: 256 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.