Worth starting a thread in the right channel for PRS for those...

Worth starting a thread in the right channel for PRS for those that like to look at squiggly lines

With increased liquidity and eyes now on the story as a result of the recent funding round and project acquisition it's worth reviewing a few key levels of interest for PRS as this begins to play out as it may assist with timing for entry / exits

Short term - daily setup
Price action absorbing a level of new interest both on the buy side and the offer, with some of the placement stock likely being offered at present.

The run recently post the new project prelim results seeing price action close a previous gap back to 6.4c, this level becomes interesting moving forward as potential overhead resistance, followed by 8.4c and then 11c. Ideally, we want to see the MACD make a positive cross to maintain the momentum above the 0 control line, with price action to continue to close above he 43d MA at 2.8c

A positive cross on the MACD will open the door for a run back above the 4c mark back at the 6.4c level in the immediate short term.



Medium term - weekly setup
Price action post IPO has not been favourable at all, hence printing multiple oversold readings on the RSI as it's made its way to a bottom now in place?

2.3c looks to be the line in the sand moving forward. A close above the 43d MA at 2.9c would be very bullish. MACD positioned nicely as it moves back to the important 0 control line. Once it moves through this level price action is likely to move hard and fast! RSI moving in the right direction with plenty of room to move before over bought signals are evident.