Last charts thread was back in 2016 so its time for a new one. Discussion is for TA only. No pointless TA vs FA arguments please.
Price has been on a downtrend ever since Feb 2018 when a key customer / funding partner pulled out of funding the capex. You can see this being played out with the reversal of the 50 and 20 day EMA (green and red), and the flattening of the 200 EMA (black line) - bearish signals.
The 50 and 20 day EMAs are starting to turn ever so slightly last week ot so, but too early to tell if it is a reversal. Still below the 200 day EMA, however, which suggests there is more downward pressure although it appears to be easing.
3 year chart shows strong support circa 2.5cs. if it goes that low, I expect churn and sideways movements.
PSC Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
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