PRE 0.00% 6.0¢ pacrim energy limited

a technical perspestive

  1. 2,240 Posts.
    Hi All
    this im my Opinion only, of the current support and resistance dynamics.

    It appears that 6.2c is a major resistance level going back to 2005 where it eventually resolved to the downside.

    currently its retesting that level again, and appears to have built a nice consolidation/base just below that level.

    however IMO, after the recent attempt at 6.4c it must now stay in the upper half of the current base i:e not close below 5.4c in order to break through 6.2c-6.4c

 
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