PSA 0.00% 2.1¢ petsec energy limited

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  1. 10,605 Posts.
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    Whats even more amazing then is that having just taken the charts back to the actual lows this stock seems to be working from in 2000/01 the retrace target is actually 70c.

    Lots of distribution happening, I think my original target was a shade higher, but not much (80c when it was trading around $1.30), but yes, 70c seems to be the magnet.

    Sorry if thats not what anyone wanted to hear. Just doesn't really make sense does it given the fundamentals.

    Naturally, I'm not holding.

    Cheers,
 
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