Pbi has consolidated nicely chart wise. The question now is when will it go for its next run.
Today has seen a small amount of sellers, which look to be T+3 sellers in both the options and main share.
One would think by the depth on the buy side that the next run isn't too far off. Just a matter of the buyers stepping up, rather than sitting on the bid at 28.5c, and PBI will be off and running again. I think this will be sooner rather than later.
Its quite amazing that the poppies are not being snapped up at these levels. Should be at least 10c with their time valve and in relation to the current share price.
For those of you that are interested, the resistance levels that I see chart wise are 26.5c, 32.5c and 41c. The 26.5c resistance point was smashed through, and the stock has held up nicely at current levels. I would be looking for pbi to test the next resistance level of 32.5 over the coming days/week.
Noggie
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