"P.S. Martis, also you appeared to have missed the query of what stopped or broke your first upward (ST) trendchannel, any guesses, maybe some others may be interested in your reply as well"
Mitta..the uptrend was one formation in amongst a larger one.. there are many factors that one should consider when analyzing stocks...u mention why the channel broke..significance of a 3 week channel is not significant..the channel is part of a larger measured move as depicted below..even that in itself is a smaller formation than the monthly...the monthly shows that nothing other than the .25 level matters.. .25 must break..a break and hold above 25 would change the dynamics of PRR and bring the 35 level into pay.
technical update, page-9
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35.5¢ |
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Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.0¢ | 34.5¢ | $670.1K | 1.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44785 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 22453 | 2 |
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