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Blind freddy could see PSY was forming what looked like a...

  1. Toxxxic
    2,796 Posts.
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    13/10/15
    08:33
    Post #: 16163209
    Blind freddy could see PSY was forming what looked like a pennant/flag after the down trend break. It hasn't played out as hoped, but that's not unusual - these kind of set Ups are percentage plays, and sometimes they don't eventuate.

    It still may play out in the short term, but looks less likely now. A few more light volume testing days would be beneficial.

    Long term she's still a good punt IMO. One of those huge potential plays with decent risk to reward at current levels.
    PSY Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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