Re; ..." ...What I like from your chart (same with AOE) is the the absence of anything spooky which might cause me to reconsider my position vs the market view. Atm just ready to do what every TA would tell me not to - to buy another 25% if the sp were to drop another 15% or so, without any fundamental change of substance." ...
After ABS, OZL & TMR I'm finding it hard to be spooked myself - maybe I'm still in shock?
Having already completed profitable trades in PNA I must admit to being of a similar ilk - adding to holdings at the 50% retrace, then probably grinning & bearing [sic] any short term pain.
The Fib retrace based on the Feb 2 low [$0.125] & the April 16 swing high [$0.385] shows the SP bouncing off the 38.2% Fib level. If that is pierced the next Fib level is $0.255, below which 61.8% is about $0.225.
4YIO - NFA
PNA Price at posting:
29.4¢ Sentiment: LT Buy Disclosure: Held
