Another week down, and another weekly candle squeezing into that ever shrinking pennant;
I wouldn't expect it to get through next week without the pattern breaking down or breaking out. I don't like the oscillator (Green squiggly line at the bottom) trending down. It's basically getting it's data from moving 6 day averages of increase/decrease in % change in price growth. So a slowing rise will give a negative result. It "can" be a handy indicator for sentiment changes before the price actually peaks, but my money is still with a break up before the end of next week. Today's low was achieved with the sale of 32 shares, so I'm willing to ignore that as someone desperately needing a bottle of wine tonight, or trying to be scary.
PGC Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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