PSC 8.82% 15.5¢ prospect resources limited

Quick chart review, NFA/imo only:I'll still keep assessing the...

  1. 395 Posts.
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    Quick chart review, NFA/imo only:
    I'll still keep assessing the trend since PSC 2.0 inception as it might provide an idea of where we'll end up, but per prior posts it was broken so I've removed it and going to focus moreso on recent trends.
    We've got the bollinger band thinning again meaning some volatility might approach in coming few weeks.
    This aligns to the upper and lower trends meeting early Sept which is decision time. At some stage between now and then the SP has to decide if it's going to go break above the upper, or below the lower.
    The stochastic is low and has been quite a bit of late (as a result of the downward action since March), so that might point to a higher chance of recovery.
    Volumes are very low, not great, but does means recovery can be quick if there's positive news.
    Fundamentally, apparently we've got some results coming in the immediate short term which could be the decider. I think if nothing big to be gained from those results then we could see a further drop to re-test 10c etc. Some decent positivity could see us go test the early July high of roughly 16c though.
    Importantly, we just don't want to break and hold below 10c as that will lock in a lower local low, what we really want is to break and hold above the late June/early July highs so that we can continue to re-build.

    I'm a hold, closer to a buy than a sell, 10.5c is approx my next entry level based on the above/chart.

    https://hotcopper.com.au/data/attachments/5472/5472233-fd0787a62c3f60eef2cdf710576c724b.jpg

 
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Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
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