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2.5¢ phoslock environmental technologies limited

Chart stuff, page-15

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Sharkies63

353 Posts.

38

10/06/19

23:36

Post #: 38992141
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Originally posted by Patterns: ↑

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.

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What is the significance of $1.06? Cheers

PET Price at posting: 79.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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