The daily.
Currently the close is at what may become a short term resistance.
The short term stochastic (5,3,3) has spiked & is very wide from the mov avg. This usually signals a pull back to the mean, resulting in a pause and / or a pull back in the sp.
The MACD has again crossed to the upside and is heading back to the zero line.
I am not getting too excited by this at this stage though as this has happened regularly for the last
4 - 5 weeks and failed to continue as the capper held us back.
So short term I see the potential for a retest of the breakout point at $0.08 - 0.082 before resuming the rally (if that is what is happening)
Hopefully what we are seeing though is a decent rally prior to any new news or update on the P3 prototype prior to or at the AGM next week.
The pictures of a spectrometer being field tested is exciting imo.
I don't know of any other company that has a device such as this one which looks suspiciously like the P3 Prototype that was manufactured by Hydrix.
PSY Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
