This stock is looking quite interesting for a few reasons. First the stock is still down trending and we can all see that it does not take a genius to figure that part out.
However my short signal was given around 2 years back up around 60 cents and still is a short from that time. But this is the first time on my chart that the stock is showing signs of a bottom.
My bottom patterns are usually correct but I generally wait for an actual buy signal before entering, still something is going on and I have many indicators to determine this, if I am correct and bottom is forming then sometime soon I expect some major bounce, and those wanting to buy may have to pay prices above 15 cents.
With all this is mind I think the stock is a spec buy with tight stops with a potential of some good upside and little downside if you stick with stops, I am thinking of buying since that bottom pattern is something I do not see to often, the stock offers a good risk reward trade, good luck:):):)
PRR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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