Short Term Trading Week Starting: 6 Nov, page-124

STTCOMP PNX, TA Long

(ASX: PNX METALS )
SP: 1.5c
MC: $ 14.6mil
Cash: approx. $3.5 mil
Shares: 978,737,423   Top 20: 52.8%


One of my favourite TA setups

PMX finally breaking out of its trading range today.
After trading in a tight range for almost 6 months, bouncing off 52 week lows.
Volume has been increasing substantially over the last month whilst still trading in range.

A higher low last week signalled that supply was almost done at these levels.
We should see the share price climb steadily
Any decent announcement raising the share price significantly.