Posted On: 01/19/2014 2:20:13 PM
Post# of 2561
PGNX Weekly Chart ~ The Big Picture
Ok, I made an error in not taking a look at the PGNX Weekly Chart for a while. It's very obvious what is in play here. There's a huge gap on this chart going back to July 2012. The lower gap line was clearly taken out this last week with a strong move through the 6.00 resistance line. That's five weeks in a row of upward moves on this chart. If all goes well over the next couple of months, the closing of gap to the high 9.00s could be seen over the next 2-3 months. GLTA
Ok, I made an error in not taking a look at the PGNX Weekly Chart for a while. It's very obvious what is in play here. There's a huge gap on this chart going back to July 2012. The lower gap line was clearly taken out this last week with a strong move through the 6.00 resistance line. That's five weeks in a row of upward moves on this chart. If all goes well over the next couple of months, the closing of gap to the high 9.00s could be seen over the next 2-3 months. GLTA
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