Thanks psych 101...you have been a great encourager with all postings...a great thread to enjoy.
I know you are not a chartist and I also have major shortcomings...but look at the three year chart from an historical view...all our ups and downs and hopes that the SP was going to explode over the last three years and it has not.
If you look at the current price today and draw the 10c or 11line across the three years you can see it is sitting higher now than the great bulk of the graph over that time other than the peaks.
Three days recently a total of 30 million shares have been traded up to 18c which I think have given to those who want to exit the chance.
The volumes have dried up and there is solid support at 10c.
From here the SP can only go down ,sideways or up...Selling has exhausted itself...imo it wont go down unless something catastrophic happen...sideways is a possibility but there are too many catalysts or the horizon for a sustained sideways move plus a good chance support coming from a brokers/fund managers .
Looking at the recent low of 5.8 cents on the 14 Febuary this year the graph takes on an ominous warning to sellers of good times ahead.
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PTX Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
