Wave
The breakdown of the yearly low of 9.5c was definitely a concern from a TA perspective, but it was the lack of volume that encouraged me to buy, what is now the bulk of my holdings,mat 9.1c.
And I agree that it is still in a downtrend, but don't feel that 25c needs to be achieved before considering it broken.
In fact, I love when TA patterns that should have played out as per the textbook (breach 9.5c...trigger stop losses....hit new lows....etc,etc) break down. In this case, if the 10-10.5c mark can now hold and consolidate on a bit of volume, it could prove extremely bullish.
Hope the rambling makes sense.
Milesy
Ann: Panorama March 2016 Quarter Review-PSY.AX, page-108
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1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.796M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 700099 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 613427 | 3 |
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