22-June-2024 : Keeping It Simple with Price Action & Technical Analysis..
Continuing my objective post, using my new found love for Point & Figure noiseless charts. Last Post Link : ASX Charts PYC Post - 7-June-2024
* This is with a 0.005 box size for PYC, which is a pretty high box size for its share price. * The Blue line is the 10 period moving average, and above it shows a strong up-trend. * The price is in the column of "X", and has consistently been making double top buys since that long anchor column we saw in Nov'23. * The breakout in Nov'23 was after a long consolidation since Feb'2022. * Using that last anchor "X" column, I have drawn a forecast immediate target price for myself extending that upwards. That comes to around 0.18 as long as it remains above the BLUE line. Beyond that, it will be an open sky... but may be a long patience wait..
** I hold this stock and my analyis may be biased and incorrect. DYOR, and always use a stop-loss. Good Luck.
PYC Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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