Hi firsovaI noticed your post. I do not claim to be a chartist...

Hi firsova

I noticed your post. I do not claim to be a chartist but I do look at the momentum ... and since no one has yet replied to you I thought I would stick my bib in.

Below are 2 charts. First the daily and then the weekly.

The bit that is relevant is the relationship between the Blue and Red lines. When the Blue line sits above the Red line that indicates to me positive momentum.

The daily chart is not indicating anything exciting, although it is showing higher lows and higher highs. The weekly looks a bit happier, there has been some positive momentum but it is fairly frail.

I am not sure about applying my ideas to each and every stock. I restrict myself to companies which have sound fundamentals. If a company should be trading much higher, jumping in when the momentum is positive is a low risk strategy IMO.

Any stock, as I am sure you know, can exhibit positive momentum ... the question is always, do the fundamentals support the sentiment. I know very little about PPX so I will leave it up to you. However, if I liked the company, based on what I am seeing here, the weekly chart recently is not too bad. There do not appear to be any warning signs to me that the price is about to collapse, but also I do not see strong interest. On balance though, there does seem to be some support at current levels. Volume seems a bit too low to suggest any rapid rise in the SP is immanent.

I notice you get a volume spike on the 21 Sept just after the board changes... then 3 days later notification a big holder had bailed. I find it interesting that the price has recovered from that sell off reasonably well.

All I can say is, if this was the chart of a company I was keen on then I would probably be carefully accumulating but I certainly would be thinking long term at the moment. No signs in the chart yet, to my eyes, that substantial buying is happening.