When it comes to buying shares in businesses, I am more of a fundamentalist analyst, but I do use tech analysis to try to understand if I may have the opportunity to buy good shares cheaper in the short term. I view PBG as being way oversold on fear, but I note one very important and intersting TA point at close of trade today (23.5c):
Almost ALL of the available sellers could have sold their shares today at 22c today. If that had happened; what would the price be for a share in PBG tomorrow?? 40c, 50c...???
PBG Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held