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Weekly Charting - 8th Sept 2017, page-5

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zero2a$mill

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09/09/17

07:55

Post #: 27102555
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Originally posted by Jako8557 ↑

My feelings are that PLS is most likely trading within an accumulation zone.
This week price has responded positively to the potential buying seen last week (where price dipped down to flush out supply then recover by the weeks end).
There was a minor breakout within the zone today, however the way I see it, the overall breakout level remains above @45.5cps.
Part of the accumulation/absorption process is to encourage any potential sellers from the previous sideways range above, to sell now (at a small loss) and not wait for price to breakout, as any breakout may be thwarted if supply becomes overwhelming within that zone above (roughly between 45cps and 58cps).
If you are not looking to 'get out' at breakeven from a previous purchase above, there is no rush, just let the process complete, and the benefit will seen when the time is right to breakout.

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Hi.

RGI, with it's miniscule amount of shares traded, can it even be 'charted'?

Bought at 43 cents, 6 months ago, but appears to be going nowhere.

Getting sick of holding it, (down 40%), but doesn't looking like ever going back up again.

Thoughts anyone, if you guys have time ? Thanks.
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