Hi coolgrey, yeah 12c is the first target to get through, it’s the highest price point of the last 55 days, any trades over that price would be a buy signal. I don’t see it going back to 8.5-8.7 unless the market shits itself hard. There is support building at 10c IMO, and further support off screen no doubt at 9.6c and 9c. Current PA makes me think that there aren’t many willing sellers left at these prices, The Nasdaq , Dow and ASX had some pretty heavy drops in the last week or 2 and PTX weathered the storm and continued its gradual climb, this tells me that most holders are of the consensus this is undervalued we just need the wider market to realise this and step up the buying.
I also agree with
@slick comment on the other thread that there is undoubtedly some run off from IMU holders bringing some profits this way, myself included in that.
I might get a chart up this evening
cheers
