Ptx to 10 bag by this time next year, page-634

Pull up the chart. Have a look at the Daily, weekly and Monthly. Find areas of support and resistance. This will give you a good idea of where the price might go.

Youtube has some really good info on charts which will help with identifying these areas.

25.5c proved to be a very strong support so far this week. 26.5c to 27c is proving some resistance. So we have been moving sideways in that price range. This is a very good thing. As it builds a base, or an area where the market has suggested is an area of fair value. This means, when good news drops, the market will have confidence in the share price rising and staying at a higher level. The area of resistance now will become the new support or base etc etc. The markey gets nervous when shares rise in a straight line. Punters play chicken wondering how far it will go. The first profit taker can cause a collapse. Hence these pullbacks and sideways consolidation are very healthy.

If 25.5c fails, the next support level is 23c. We have touched 23.5c recently, but a touch of 23c and a bounce back to above 27c would be very bullish, with a target of 37.5c to 41c. We obviously need news to drive this.

Nothing is ever for certain, so lets see how we go.