PRG 0.00% $1.05 prl global ltd

moving nicely, page-19

  1. 84 Posts.
    Guys/Gals... we have a few occurrences taking place:

    1) PRG buys have dried up. Sells have increased substantially.

    2) Commodity prices have dropped overnight and now the new Portuguese debt issues has emerged causing a retreat in the markets worldwide.

    3) From a charting perspective our run north is still under way even when these factors would suggest otherwise. Yes it still looks very attractive.

    The trend north has not been breached nor has it been effected by the minor volumes in selling and price retreat.

    Basically there has been no dumping of the stock with anticipation of bad news. You may however find a dry up of the buys that very indication.

    Our resistance levels lie between $2.00 and $1.85 per share though a retreat to those lower levels in the next few days may have detrimental effects on the trend north.

    If you are getting jittery right now pull the pin on this ride before a tumble unfolds.

    In my experience in the markets a tumble on such a lovely formation does occur... but very rarely.

    I'm staying in to see how it unfolds.

    For anyone wondering what's going on... you have a heads up.

    Decisions decisions... :-)


 
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