Been a reasonable week on the technical side of things, considering rest of ASX has pulled back a little PZC has been holding up quite well.
The retrace we've sen has been on minimal volume, which is looking quite healthy after last week.
I'm thinking due to lack of sellers whoever has been buying may be taking a break to allow for some more depth on the sell side to soak up the shares without running up the s/p so hard. Seems as though it's being held tight which is good.
If time permits, I'll try post up a chart over the weekend. There obviously is a tendency to dismiss T/A on low volume stocks like this, but sometimes you can scope out short term and long term targets regardless.
Enjoy your weekend people!
:-)
Been a reasonable week on the technical side of things,...
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