PEM 0.00% 35.0¢ perilya limited

technical breakout. sentiment from hold to buy

  1. 679 Posts.
    I've changed my sentiment on this stock from hold to buy. Good volumes and movements north here in line with commodity increases. Very little resistance. Remember, less than two years ago this stock was more than $5 a share. I can't see it getting back to that level, but somewhere around $2-$3 (medium term) would not be unrealistic if there are much stronger gains with zinc and lead prices.

    Technical breakout when comparing 11 day moving average to 31 day moving average. All metals are up tonight. Looking very promising.
 
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