Lets hope I am wrong, but if I look at PBI's chart objectively, it looks as if it may re-test the 27c support level. This comes after failing to hold the 30c support level. Yesterday, it opened on the previous days closing price, tried to push higher, and failed, closing on the low for the day. This is generally bearish reversal. Is it short term? One would think so with the current momentum pbi has had. Lets hope nicholas123 is correct with his predictions.
If it does test the 27c level, I think it will be a short sharp bounce. Any short term downward price action may be a good buying opportunity.
Noggie
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PBI
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