that gap below at 8 may not get filled for the near future at...

First 6 Last

Share
Profile

Follow
CognacHennessy

473 Posts.

69

18/04/24

06:12

Post #: 73397540
Share

Originally posted by Spandog: ↑

Haven't done the numbers to see if his plan is to maintain a particular ownership percentage, but that's also a show of support to shareholders given commenced buying after the pump had started and followed it through to the top of trading.

Shouldn't feel bad about selling at all mate, taking profits is the name of the game, everything goes up and down, no such thing as a flat continuous line upward. Token stacking/profit taking, call it what you like, many of the best do it. I'm not one of the best, but it works for me having a handful of long term and another handful I'm willing trade up and down, ensuring I never sell any of the long term shares.
We've already seen over 20% drop from 18c so those that took profits and are now back to DCA'ing are already well in front of the hodlers.

I'm not a full gap player, it's nonsense, but it has some use in short term trading as people do follow it thus enable it, and there's one still down in the 8 range, but interesting to note we filled that recent gap to 13.5c today. Looks like it was another small volume dip for PSC, so an overall market rebound tomorrow could prove fruitful for PSC as won't take much to regather 15+. Stochastics are still in the overbought range though so it's certainly not a recommendation.

all imo / nfa

Expand

that gap below at 8 may not get filled for the near future
at this stage there was support closing that 13.5

consolidating and getting ready for the next leg up .. which I think may rip upwards of 20c

coild be wrong .. all imo

PSC Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply