PBT 0.00% 0.0¢ prana biotechnology limited

Prana stock movement, page-26

  1. 38 Posts.
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    pivalde, My TA so far is , with the exception of the "Spike" on Friday 3/15, we are on the track I outlined. As we can see since then the trading pattern has begun to settle down. My interpretation = we are dealing with those holders at lower price levels are joyously taking profits. IMHO - the trading action is signaling the stock is now moving into"strong hands". I do not get to "paint" the chart the absolute way I would like to see. The markets will do what they please........BUT if my original trading pattern is to continue to work it would be ideal if the next 5-10 trading days were made of "inside days" meaning the daily bars will show consolidation by each day having the High & Low to continue get smaller confirming my "consolidation" theory. IF by chance the daily bars widen instead I label that " a stock in a HURRY". That can more likely happen to a stock that is "thin" = very few shares in the "float". Please ALL this not to be investment advice just a TA guy IMHO and not investment advice.
    BTW-I am still hoping Prana will live up to their promise to send me the Teleconference details so I can get them to all that want to listen in AND maybe even participate live be phone. I will post it ASAP titled "Teleconference details"



 
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