chart

What does the above chart tell us.....

1.....Yesterday's huge up thrust... on no news.... signalled the end of the Bear dominance .......

2.....Today's gap up on open signalled the intentions of the punters as to where they think PEX is going in the near term.....

3.....The 'ARROW' points the way for the next few days....with a test of all time highs very close.....

what the above chart doesn't show is that PEX is in unknown territory...with it's old highs of around .30c now proving to be major support......

we could be sitting on anything here........

so yes....sitting tight for a while......may trade a few in the 50's.........