short term trading - week starting 14th jan, page-8

Hi free,

I have just put my first entry into the STT. Hope I have done it right. Below is a copy.

Entry for STT List

PCL for TA

Pancontinental Oil & Gas NL is a petroleum (oil and gas / hydrocarbon) exploration company with key assets in Australia, Kenya and Namibia. Pancontinental has high-percentage interests in a range of very large oil and gas targets in Australia and Africa.

Chartwise, it has closed at the previous resistance point of .115. It should break this resistence this week as the buying has been consistent with good volume for the past few days. Close above the resistence is very bullish. Currently there is a healthy buyers:sellers ratio that could push SP higher.

Disclosure : Stock held.