PXX 11.1% 1.0¢ polarx limited

PXX CHART, page-154

  1. 403 Posts.
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    This appears to be settling at support of 1.2-1.3c for now which is good imo.
    Can still test 1c but there's some indicators on holders side:
    - Stochastic bottomed right out and at least temp lapped over, tick
    - Back into the bollinger band, tick
    - Volume dip exhausted, tick
    - Good volume of support at this range, tick

    I haven't bought any more, last purchase 1.4c, would take 1.3c if I hadn't bought at that price, and I'd probs take 1.2c if it was guaranteed but not going to wait in line, happy to wait for a potential tick lower.

    There's enough for me to think it's a buy at this level, at least an initial entry. Key thing from here is the re-test, third whack, of the current downward trend, might take a couple/few weeks but could be less. Need to see if it will break back above and start forming new 'higher' lows pre recovery.


    https://hotcopper.com.au/data/attachments/5078/5078826-f19f931a4f8178b4ea8cb7117b79b162.jpg

    Last edited by Spandog: 24/02/23
 
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