PAN 0.00% 3.5¢ panoramic resources limited

poor share price, page-44

  1. 23,111 Posts.
    lightbulb Created with Sketch. 1433
    I'm not super confident about anything in the market regarding price movements, what I am super confident of with PAN is that it's super weak, anyone who takes an objective look at the price action relative to the market can see that.

    I was quite confident that PAN was going to go significantly lower when I said it was a short around 25.5c or so as that's what the probable outcome was given the price action.

    My interest in PAN stemmed initially from buying it due to a particular chart setup but then instead of trending strongly as it should have done, it chopped around and traded like a dirty piece of trash, so while it managed to get manipulated higher for some months afterward, it always seemed as if it was being distributed all the way up. I took a couple of short term profitable trades in PAN and left it alone since.

    My interest in PAN was increased when yourself and a couple other posters requested me to hang around after me saying it was a short, so I've obliged

    p.s PAN getting ticked up at the close is hardly a sign of strength, it says someone is trying to hold it up while they continue to dump it
    Last edited by Hingdog: 18/10/22
 
watchlist Created with Sketch. Add PAN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.