Hi frader.......below is both the (down trend) initial, and current, linear regression channels.
The projected support low of 3.7c., generated on 04/11/15, was finally tested, and respected, on 12/06/19.
The recent close above 5.2c. was obviously a big positive, an alert that the down trend was/is done.
The next move will be the price action at the sd 3 line......a break above , or resistance.
Just my take.
Cheers.
PTX Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
