PNA 0.00% $1.84 panaust limited

in overbought territory

  1. 4,504 Posts.
    HUGE fan of PNA and have it done along with ETC as 2 of the stocks of the year.

    IMHO this is in overbought territory......it is now being bought up on the hype of the recent spree and I reckon she'll pretty much start going down from here.

    I DONT think it will see 15c again unless something negative comes out but I can see it slowly go down to 20c as profit takers come in on the absense of no news!

    Long term she'll be fine anyway BUT I'm tipping a slow retrace from these levels from now on. Let's see how accurate I am.

    All the best
 
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