August & September traditonally been lowest quietest months for World markets...Coz U.S. (the biggest) ...the big Brokers/traders go on vacation ...
So lotsa markets just dribble along sideways at best ...of course individual companies will have announcements for drilling hits/M& A etc...
The Chart shows we have a strong support level .. at $1.40 -ish...zone... & with 10 DMA & 20 day Moving average at $150 -ish.....next week could see S/P cross above...maybe an announcement with good news could be the catalyst.. I cant see S/P dropping to $1.15 unless for a black swan event on world markets (war with russia /china etc)
PMT Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
