Technical Break and Share Price uplift

Based on my technical analysis PXS has formed VERY STRONG TRINGLE pattern. This is most clear and consistent over last few months. This type of patterns are not easily visible. In addition to that Fibonacci Pattern also support the rise.

Price has strong support for Gain in three rounds:
Round 1- $0.39
Round 2- $0.47
Round 3- $0.58

All of above technical stuffs were wel received by institutional investors. This reflected in placement of $24m at small premium to market price of $.315. For this kind of premium placement PXS must have given them Indicative forecast as a part if their dataroom requirement. Looking at the strength of balance sheet and positive cashflow this share is undervalued big time.

Also LOX/LOXL2 data release is also very close. PXS team is very transparent with monthly update and well tied up with EU/USA Networks.
In this note next big rise is very soon. Great luck.

Note: Do Your Own Research