PIR 0.00% $1.49 papillon resources limited

Was very oversold , look at slow stochs (15,5,3). Interestingly...

  1. 721 Posts.
    lightbulb Created with Sketch. 12
    Was very oversold , look at slow stochs (15,5,3).
    Interestingly the On balancevolume (OBV) showed a slight increase and no drop whilst price was dropping significantly.
    I noticed this trend with GMR , the divergence between price and OBV. Investopedia states this is a sign of accumulation . I doubled up on GMR due to this and has rewarded me well!
    PIR shows the same trend an i think this will jump once the accumulation is done, which i think is now.
    Also it has bounced off support .
    Hopefully chartists can comment about my observation about OBV and price and their experiences.
    good luck
 
watchlist Created with Sketch. Add PIR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.