Nothings changed - the usual institutional play (create fear and uncertainty - also locking in profits to de-risk position perhaps). From a SP perspective, it is repeating the same pattern it's done in the past - multi-week/month triangular wedge consolidation, after creating a new high of 0.028 a few days ago. Range looks like 0.021 (circa bottom channel) to 0.026 (circa top, where we've been getting rejected). Roll this out to the June/July timeframe, and we'll be testing new highs again by August (assuming there is no negative fundamental changes). Charting is almost 'text book' (which i like, a lot) - not financial advice....but....opportunity as Jibs mentioned....
PCL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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