what it really needs is one BIG volume day to clear the 9c region.....
just for a little comparison - cos i keep thinking about it
i remember with AVB when the VALE announcement came through people where calling big shots but the chart was firmly locked in the 2-3c region with a clean break of 3c required to punch on........
i had been posting charts & been holding the stock for a long time but people where still preplexed by it doing nothing....
i said one BIG volume day to clear 3c & then it will never be seen again.....
it got a big volume day indeed a week or two later and gapped well & truly over the critical area it had been persistently locked in & then to 20c less than 2 weeks later....
Anyway - not saying there is anything at all similar between the stocks or that they will play out in the same way....
BUT - i will say a 50M+ day and 9c will be dusted...
:-)
PYC Price at posting:
7.4¢ Sentiment: None Disclosure: Held
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