PCG 0.00% 84.0¢ pengana capital group limited

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    Strong support on Wednesday on the long term uptrend line followed by 2.5 cent move the next day to cross and hold at the 50 day moving average line. Friday saw consolidation of that move with good volume again moving the sp to hold above the 50d m.a. and crossing the short term downtrend line at the same time. This should see the sp move to the next resistance level of .67 very soon. If that can be broken we should see new highs established probably in the mid 70's to low 80's. The market is likely to rally in december/januray as it nearly always does andso we might see this achieved by mid January. This one is long overdue for a rally!
 
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