Fundamentals (accurate ones) override charts in the long run - PSA's reservoirs are full and generating cash to around $5 million a month and there are very probable targets on line. Oilers with plenty of cash always seem to generate more cash (as you will see with PSA)
the next important factor is resistance points
petsecs are (IMO) 55c, 72c, $1.09, $1.35, $1.65 then $1.81 you get these by going back say ten years and look at intersection points of Parabolic SAR (an easy way but not only way) get the feel of these points. It is due to people being creatures of habit
You always get a wildcard factor. In this case some big buyer trying to jump the gun on a "certainty" pushing price up to over 90 cents making every holder happy. The next was #14 being a duster followed by a lot of selling probably based on panic followed by charts stop losses
It seems that more and more survivors from recent Bear market have learnt the importance of TA.
This becomes a problem to traders who only use charts/TA (and there are no rich chartists) the numbers of these are growing and means even more "crashes" and price hikes are likley (to exclude research on a company is a bad idea in long run)
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
