Hey Dappa, I would've much prefered if it went back towards 29c at least, I lost a bucket load waiting around for the results.
Similar chart below for BFC, note the high volume bounce off the 61 fib, with a nice close above the 5EMA, something ill be looking for in PTX With ABC corrections , A is usually the same length as C, this would leave us at 16c IMO.
This may start wave 3, which would be 1.618 times the length of wave 1, projected from the bottom of wave 2, with a minimum price target of 48.5c at the wave equality projection. This is a theory only, and will be confirmed by high volume impulsive price action at the start of the wave.
PTX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
