This is a very positive weekly chart on PNX and shows that the consolidation phase between 16-22 cents might be nearly over. Volume has been increasing substantially in recent weeks as stock moves from weak to stronger hands. A break of 22 cents should signal a move to test the all time high of 26.5 cents. Beyond that it is blue sky. The roadshow last week was very well received and generated a substantial amount of buying with more to come.
