50cent level brought down by a small cross trade at the end of...

50cent level brought down by a small cross trade at the end of the day. Buy side looking thin. More like the PEX of old.

Here are the weekly, daily and hourly Ichimoku charts with Hawkeye volume.

The weekly chart shows a long entry exit signal occurred in the last week of April at 58.5 cents. The  weekly chart is the more important of the thee charts and still remains relatively technically strong as the price action is above the cloud. If the price falls below the cloud on the weekly chart the chart will become very bearish, possibly leading to a short entry signal.

The daily chart is technical bearish as the price action is below the cloud although no short signal has yet been signalled on this chart.

The hourly chart signalled a short entry on the 12 June at 60cents and remains bearish although the Hawkeye volume shows relatively high volume predominant buying today. Interesting to see where it goes from here. Esh