Basic Daily Chart on PAK
After the intial excitment rush on those first few high volume days(7/6-9/6) PAK has been in a sloping down flag formation staying in the orange and blue line to a tee..
Today was the most positive day since the selling started backed by some stopping volume appearing in that gap zone..
Doji formed EOD and expect a reversal is very close...
Initial selling seems to be from some instos that got in on the placement and once these are done i have no doubt that new highs will be achieved ST..
S2R done the exact same thing instos gave it a quick pump sold all there cheap shares under 17.5c once finished SP hit 31.5c just lately..
16c will be the area for a confirmation..
GLTA
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TS
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