PET 0.00% 2.5¢ phoslock environmental technologies limited

PET Chart, page-6

  1. 154 Posts.
    lightbulb Created with Sketch. 4
    I got into this stock at 40 cents in April and started getting sell signals in August and got out at $1.25 so I was happy with that. Although at the time I remember being somewhat dissapointed that I didn't time my exit a bit better but hey, timing tops is as difficult as timing bottoms.

    It will be interesting to see where it starts to consolidate. Gap has been filled which you'd expect to do something. I'd be surprised if it didn't consolidate between 65 and 80 cents. I'd need a lot more evidence of consolidation before I'd re-enter this stock. At the very least I'd want On Balance Volume to start pointing north, but at the moment OBV is still alarmingly heading south at a fast rate so it's an avoid for mine.
 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.