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.
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STTCOMP PNX, TA Long (ASX: PNX METALS ) SP: 1.5c MC: $ 14.6mil...
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