PGNX Daily Chart ~ Another New High in the Current
Post# of 2559
Posted On: 12/26/2013 8:03:24 PM
PGNX Daily Chart ~ Another New High in the Current Swing
Although PGNX is also completely outside the upper bollie, this stock isn't traded as thinly as MRIN. So it's not as critical, but one can see the pullback as can be seen by the candle wick. There are also numerous catalysts in the very short term that is obviously bringing attention to the stock along with a lot of buying with its sixth day of green. $6.00 is clearly in sight now, which was my original target once the two horizontal resistance points were reached and taken out. The RSI and FullSto have now entered overbought territory, but the MACDs still have plenty of room to run. Our entries of mid December in the 4.30/4.40s are beginning to look good with over 25% to date. My opinion is that PGNX is going higher over time, but stay on top of your swing and don't let the profits disappear. Sell a few along the way to lock in some profits. There's nothing wrong with a profit. There are thousands of other buses coming along if you get off your current ride. GLTA
Although PGNX is also completely outside the upper bollie, this stock isn't traded as thinly as MRIN. So it's not as critical, but one can see the pullback as can be seen by the candle wick. There are also numerous catalysts in the very short term that is obviously bringing attention to the stock along with a lot of buying with its sixth day of green. $6.00 is clearly in sight now, which was my original target once the two horizontal resistance points were reached and taken out. The RSI and FullSto have now entered overbought territory, but the MACDs still have plenty of room to run. Our entries of mid December in the 4.30/4.40s are beginning to look good with over 25% to date. My opinion is that PGNX is going higher over time, but stay on top of your swing and don't let the profits disappear. Sell a few along the way to lock in some profits. There's nothing wrong with a profit. There are thousands of other buses coming along if you get off your current ride. GLTA
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