Let the balance sheet do the talking and let’s not get too caught up with what herb says means literally nothing until there’s an actual tangible change
The longer we wait, the more likely this is to breakout on the downside. Its a case of no news being bad news.
Technically on the chart, from the day of the IPO announcement until yesterday, PLX had formed a near perfect downward price channel (lower highs etc). Yesterday it bounced off the .82 / .83 support, then today it popped up and outside the descending upper trend line, for a nice close .92 on decent volume too.
A bright green shoot on an otherwise red day elsewhere in my fartpolio.
Technically on the chart, from the day of the IPO announcement until yesterday, PLX had formed a near perfect downward price channel (lower highs etc). Yesterday it bounced off the .82 / .83 support, then today it popped up and outside the descending upper trend line, for a nice close .92 on decent volume too.
A bright green shoot on an otherwise red day elsewhere in my fartpolio.
Still no news though, hard to see it going upwards much without something tangible.
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