Gut feeling tells me to buy - whilst news on PEB is quiet. Which I happily did.
Printable View
Gut feeling tells me to buy - whilst news on PEB is quiet. Which I happily did.
Looking poorly on the daily chart now that 80 has been broke again. Near-term triangle is about to break down. Support should be found at 76, 75 (psychological) and 71-72 (long-term uptrend support), so quite a significant amount of support there. PSAR on monthly says SELL though. Volume is low so not too convinced it will all break down.
Daily 1 year chart: http://www.bigcharts.com/advchart/fr...false&state=15
Monthly 3 year chart: http://www.bigcharts.com/advchart/fr...false&state=15
Verdict: PEB needs some good announcements very soon to keep these trends going. If not, and it all breaks down, expect a return to the 60s and maybe even 50s...
Does it? Looks to me like intramonth shareprice hasn't even hit the PSAR marker, let alone closed on/below it...
Don't call it too early, Chicken Little...
Edit:
Nevermind, monthly does say sell but your link to the "Monthly 3 year chart" is actually a link to the Weekly 3 Year Chart :D:D:D:D
probably people disapointing about the no news factor
Here's a price chart that needs something good to happen, even a snippet of good news might save 15-35% of the SP. A test of .76 looks likely. Upside resistance around .85. Downside potential .64 with .50 under that. Money flow is not encouraging.
BAAAttachment 6682