Here is last Weeks Candlestick plot of the price, time, volume series shown in semi-log plot scale.
For those who don't (or want to) know what a candlestick is, it is simple another way of showing the open, high, low and close for the week.
PSY is down 27% for the week with increasing volume.
I have not drawn my analysis for the next support level below 4c so as not to be accused of being a downramper or scaremongering, this is how I see it and for me it is the truth take from it what you can.
I am gutted that those still holding have taken a hit such as.
This is my opinion only and others will disagree but any serious input either fundamentally or technically puts us on the front foot for the decision making process.
Cheers Fid
E&OE DYOR IMO
PSY Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
