G'day,
I am confident that PBI has visited an important and substancial low this morning. I expect this mid 30 zone to consolidate over the next day or so, and then a strong rally.
My call is a close of 35 today, this being a closing low.
It will then have its first substancial snap back since the tops of 60.
You will notice 33 is spot on a substancial trend line.
35 a 62% retrace from rise from 20.
In short I think we are seeing the last of the panic selling, and it is going into the hands of the experienced.
Good luck to you all
PBI
premier bionics limited
