PET 0.00% 2.5¢ phoslock environmental technologies limited

Chart stuff, page-14

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    PET 79.5 recent chart is textbook quality. On Wednesday it printed a doji which completed a four day pullback from recent highs. This was followed by a gap up to a green candle which pushed up through the resistance line on Thursday. A doji followed by a gap up is one one of the strongest reversal patterns in the candle stick universe and often begins strong uptrends. On Friday there was a successful test of support of the breakout line. A positive open Tuesday should see a large green candle with buyers buying at the new support which until recently was resistance. Because PET has broken out it is entitled to a new price target of $1.06 for the second leg up.https://hotcopper.com.au/data/attachments/1588/1588868-2a23b6f540945330a6f9d94c48ea9f53.jpg
    Last edited by Patterns: 10/06/19
 
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