Imho you need to look at the bigger picture, as it is the resources market that is falling, individual charts unlikely to be of much use, if they ever were.
So long as the froth in the poc unwinds, so long as the "sophisticated" global players unwind their one way upward bet on the momentum in the poc. Looking close enough to panic to me in second tier miners that imho their could be some bargains soon. PNA not on my shopping list - froze my position 15 months ago - but another 5 - 10% could tempt me elsewhere, and I guess another 15% would tempt me to put PNA back on my shopping list too.
Gaddafi, oil, poc unwinding. Imho these are the things to watch for signs of a bottom.
EL
PNA Price at posting:
$3.63 Sentiment: LT Buy Disclosure: Held
