I can't tell what it will do next BM. Charting is an inexact science, or at least mine is. What I think it will do is hang around over that lower trend line generally edging it's way upwards in a wiggly way. It doesn't have any of that pent up energy it had before it broke 47c, nor does it have any characteristics of something hanging on the edge and about to tank.
I don't like to give stock tips. It's because I may hold a strong buy sentiment one day, and then sell the next. I can't quickly phone up everyone and yell "I've changed my mind". I have bought NXR and OVL recently, but both would go out the window if they dropped just 8% and that could happen on Monday. Joe and Firsova are much better than me at this as they know how to properly value a company based on more useful matrix than carefully psychoanalyzing the punters using a chart to map their behaviour and guess what they'll do next.
The easiest way to make money on the stock market I reckon is find something that is going steadily and slowly up. When it stops doing it, sell it.
PGC Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
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