We definitively broke downtrend in place since Jan. highs on Monday according to my reading of the chart.
We held that break the remainder of the week.
I hope that confirms the break of downtrend as I ususally look for a break to hold for 3 trading days before signalling a confirmation.
The stock has held up incredibly well IMHO given the dearth of significant newsflow. However, every day that passes is a day closer to significant newsflow.
In the interim, all it will take is a small buy order from one of BP's mates or anyone else for that matter for us to see new highs closer to $10.
God forbid the company actually releases something of consequence with an OEM and we'll be trading closer to $20. And we know for a fact that the company is dealing with a number of potential OEMs with a global footprint - Stryker, Bissell, Whirlpool...
Whoever doesn't want to play PO3 or is impatient will only be kicking themselves.
HAGWE!
- Forums
- ASX - By Stock
- PO3
- Stryker to back PuriflOH med-tech?
Stryker to back PuriflOH med-tech?, page-15
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PO3 (ASX) to my watchlist
(20min delay)
|
|||||
Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.078M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PO3 (ASX) Chart |
Day chart unavailable