Remember the Pfizer up day with gap was 60M shares traded with a VWAP of 7.84c....
To put another touch on it the volume on that day was equivalent to the volume of the entire 12 months before it - i guess taking that into acount it was always suprising that the gap did in fact get filled as opposed to being a breakaway.....
I think most the selling that stalled at that level was Pattersons after taking the 5c placement....
As i've said previously 8-9c will be the biggest area of resistance after putting that day into the picture - a close above 9c & she'll be sailing......
:-)
PYC Price at posting:
6.5¢ Sentiment: None Disclosure: Held
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