chart for the new year, page-37

The chart is the chart - I believe in the fundamentals of the company and have been a holder in the past - While its true the fall has been on low volume so was the recent rise up to resistance level.

You can dismiss the chart as voodoo but allthough the chart would not have saved you from the PFS " black swan event " it would have got you out long before it hit the bottom.

T/A simply assists in timing of entry and exits and the fundamentals are merely noise when looking at what the chart is telling us. The news in the price - the good news was reinforced in yesterdays quarterly the chart will confirm weather the market perceives 23c to be the current value or not as per Satori's comments on the other thread.

The volume does at present does provide a pretty low risk entry for those buying at this price and as long as the lower support line isn't breached the stock remains a hold. But until the upper resistance line is busted on increased volume PLV is going to continue to range trade between 21c and 31c (IMO)

Cheers Hoot