daily chart update, page-218

Hi @frader , cheers for the tag...

From a chart perspective I like what I see to be honest... haven't got a clue as yet regarding the fundamentals, will have a look soon...

What I find interesting is the tight trading range between 6 and 7 cents for a near 7 month period... Resistance was evident at 8 cents on the 12month chart, however this has been broken as of last week... this coming week could see the SP leg up... volumes have gained serious momentum... are you guys expecting news?

Any way here is a 12month chart from my perspective, enjoy:




Strong Bullish Trend
PTX appears to be in a strong bullish trend. Its 200-day moving average is upwards sloping and the MACD histogram is above 0 and rising.

Strong Bullish Momentum
Momentum for PTX is strongly bullish. The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares. Evidence of this is also showing via the volume by price graph..

The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.

Bollinger Bands Signal Recent Low Volatility
Volatility, measured using the width of the Bollinger Bands, is low. Periods of low volatility tend to precede price breakouts, although they do not provide information as to which direction the breakout will take. Trend and momentum indicators can be helpful to measure future trends.

Any way, good luck to holders, hope the bullish momentum continues for you all...have put this one on the watch list...

If you like my charting and analysis please feel free to click over my avatar and click follow, please tag me in any other stock threads for some alike analysis, I will do my best to accommodate, sometimes I get too busy however, but I do try... love being bought attention to other stocks...