PRL has formed a strong base at the 12.94 support area, double bottom complete with sub wave 2 down , hopefully that green arrow is the start of wave 3 up, strong resistance is at 15 / 16c, thats the immediate challenge beckoning, breaking that to the upside.
When that 5 & 9 ema ( green and purple lines) crosses the 20sma ( yellow line ) , then suddenly, things get more interesting.
Volume is starting to pick up a bit, no doubt fomo will start kicking in as we close in on August and get closer to a positive milestone FA announcement......that TOTAL ERIN, is happy with what it sees in Canarvon !!
I have nicely topped up anticipation.
IMO
No financial advice
Prl chart, page-426
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Mkt cap ! $48.44M | |||
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| PRL (ASX) Chart |
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