Hey guys,My lecturer for finance holds this stock and was...

Hey guys,

My lecturer for finance holds this stock and was getting worried so i thought i would do a chart. The announement seemed fairly negative but it looks like it should bounce from here.

the candle that is formed is a hammer candle this is a very bullish candle when seen in a down trend. It has touched the 200MA and got rejected which was another postive sign. if tomorrow is a green day for PPP then reversal could occur but then i would be looking to see if it can break the down trend line where it meets the resistance from the old support.

if it breaks below 40, i would sell. i see 47c as a significant price, also the price that she paid for the stock. will be interesting to see where it goes from there.



Enjoy