Hi all. I again caveat this post with the opservation that I am not a chartist ( nor can I spell very well). I am a holder of a modest position and have held a position for some time. Recent weeks activity is interesting as recent posts evidence.
SP at 11.5 on daily volume of over 1 mill has brought PTX into the barchart spotlight again and placed PTX on a 100% strong buy.
Average volume has been 285,000 so current volume is significant. Could be 1 person taking a position or evidence of brouder interest, however, it is followed by general trend up in volume.
The SP at 11.5 cents is 150% up on anual low of 4.6 cents but just off the annual high of 13.5 cents.
Heres a candlestick ( 6 month, daily) chart with the 5, 50, 100 and 200 SMAs which is a tidy way of depicting the current strength in play.
I stress all the not displayed indicators (available on barchart.com) point to 100% buy, so expect market interest in the near term. Regards.
PTX Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
