As you would have seen, this morning saw the arrival of some decent buying volume at $0.32 and $0.315.
I suspect that present sellers are trading the stock and probably intend to reenter. Their reentry will support the stock around $0.30 and if the price pushes higher, as I think it will, the sellers will chase the bidding up in an attempt to reenter.
Its looking good at the moment and I still think with a decent set of full year results we will move towards $0.40 by years end.
By the way, I thought there might have been some more activity in PGC on Monday with the first day of the HSO listing but it was a quiet day.
PGC Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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