PRE 0.00% 6.0¢ pacrim energy limited

Hi Allthis im my Opinion only, of the current support and...

  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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