Shakeout through weak holders selling off - bored or impatient...textbook stuff ready to find a base and ascend from here. Fundamentally PDZ stacks up, however if it drops below 40 then I would expect it to fall a lot lower with a head and shoulders being formed.
If it holds at 44 to 44.5 then we have a higher low and previous resistance becomes support, which should form a base and provide a springboard to bounce. Good time for an ann or 2.
Very bullish from here and a definite buy.
PDZ Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held