You've still got a chance at 51 ish if you don't want too many poptop, as I think it gets engineered there in the absence of volume. But that's the dilemma isn't it? Would you want to buy the stock when it was on the edge of a support line? Sometimes yes, but it isn't strong enough yet. I reckon if I was going to pick up any more I'd look for 55c to be wiped off with conviction and hope for about 15-20%. I definitely use to to buy stocks when they looked cheap relative to recent trading, but I think that had more to do with my experience op shopping than the savage market I found out the ASX to be. If it blows in a silly way you'll get another chance with a new support.
Not wise information to offer I'm sure, but if you found yourself buying shares under 50c (I might have already said this, if so, sorry) you will probably be buying some of mine.
There is, I agree, nothing wrong with the chart. There's a fair chance of hitting 70c soonish. It depends how that's done as to whether I'll be feeling skittish at the time.
The weekly trend looks especially good, the last green arrow on the candles was drawn before the last break, it is a nice obedient chart following stock;
Even the optimist in me suggests at the very least consolidation is due soon though, but hey, one last push wouldn't hurt would it? They aren't likely to surprise the market with anything shocking outside the reporting periods are they? More likely is another acquisition, and that's only going to provide a boost based on their recent work.
PGC Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)