Australia's largest stock trading and investment forum Australia's #1 stock forum

PGC

3.09%

47.0¢ paragon care limited

New follower, page-81

First 81 Last

Share
Profile

Follow
caketin

5,441 Posts.

192

27/04/15

16:08

Post #: 15164307
Share

Originally posted by joewolf ↑

Hi calling for a Caketin chart. I think that I am interested as to why this sideways movement with volume is negative. I have been looking at the buying , because I am hopeful of getting a few at a lower price point. That has not happened and it seems to be that the sellers are not or do not have the volume that would push it down.

To me it looks like an accumulator is continuing to just soak up volume but it drying up slowly and they have to be patient to keep a lid on it. Its a long game with the accumulator probably averaging around 50,000 to 60,000 each day. which is not bad if its around 600,000 over two weeks and the price has not been driven up too much.

The difficulty is that there are no big sell orders left on the screen.

So maybe my idea of it drifting down in May June to a good time for cherry picking may well be very unlikely.

I am not sure if I want to buy at this price but think that maybe its the only price that is going to be filled.

any wisdom from the charts?

Expand

Hi Joe,

It's not terrible, but it doesn't look as good as it did so I'm watching closely

Daily;

And weekly;

Chart wise 52c is an important level, but I doubt it will fall quickly if it's breached, there seems to be accumulators as you say Joe. 48.5c would be the next stop if it falls, but it bounced from there pretty smartish last time.

PGC Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war