Australia's largest stock trading and investment forum Australia's #1 stock forum

PXG

Click for more information

0.00%

15.0¢ phoenix gold limited

Yeah hit my strike at evn. Now looking to c vol increase at pxg....

First 56 Last

Share
Profile

Follow
insaf

7,689 Posts.

399

07/10/15

19:37

Post #: 16132843
Share

Originally posted by insaf ↑

Interesting games taking place.Just looking at the TA , i reckon 18-20 range will be final outcome taking account into offer. Only my personal opinion. EVN is due to run to 1.5 region as a gap present there and broke thru 1.305 to create provide new uptrend. PXG has to navigate 13.5 to 15.5 c region and people will sell and then the next phase is to the mid 18s. The only ST risk for me now is the drop in EVN - this will not happen unless POG collapses (im talking below 1100s and major selloff in world markets (Hard to predict that one). In this environment no brainer. I am planning to rotate some shares in from evn to pxg. Hopefullu today if EVN hits my strike target of 1.375. For the holders, unless you need the cash it would be crazy to sell imo at least until 15.5 c mark is reached.

Expand

Yeah hit my strike at evn. Now looking to c vol increase at pxg. This will give an indication of movement. I dont wanna b stuck at pxg while evn is off to the races. But for the patient pxg has still got upside.

PXG Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 53 more messages in this thread...

First 56 Last

Add PXG (ASX) to my watchlist