POK 0.00% 20.0¢ potash minerals limited

POK Chart, page-8

  1. 23,253 Posts.
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    Can't bounce off 12c forever though... if 12c does go I suspect it will go quickly and a rush of stops losses will then be triggered. Upside is it could present some good buying down around support area's of 9.1-9.4 region and again at 7.6 regions as these appear to be the key support area's under 12c as seen on the daily chart. So "if" it is going below 12c I wouldn't want to be the last one to realise, otherwise you may be left without a chair when the music stops playing.

    This is the traders paradox... safety vs risk. Sell early and secure your capital (and possibly miss out the bounce off 12c if it comes) or wait for a bounce up off 12c (and risk possibly be left holding the can when its drops below 12c) . Difficult decision either way.
 
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