PBHG Daily Chart ~ Back Inside the Bollie Bands an
Post# of 2559
Posted On: 03/10/2014 1:31:14 AM
PBHG Daily Chart ~ Back Inside the Bollie Bands and Holding Some Support
As I shared on March 2, the move outside the upper bollie would have been a good time to take a few PBHG off the table. Since then, the stock pulled back to bounce off a few moving averages and began consolidating and basing with a bottom near .02. The stock is still in a sharp uptrend after a double bottom was established at .007. The MA100 kept a lid on the stock over the last three days. A close of .028/.03 would be an indication that the next leg up is underway. The MA200 at .037 would be the next target that the longs will need to see surpassed for a continuation confirmation. GLTA
As I shared on March 2, the move outside the upper bollie would have been a good time to take a few PBHG off the table. Since then, the stock pulled back to bounce off a few moving averages and began consolidating and basing with a bottom near .02. The stock is still in a sharp uptrend after a double bottom was established at .007. The MA100 kept a lid on the stock over the last three days. A close of .028/.03 would be an indication that the next leg up is underway. The MA200 at .037 would be the next target that the longs will need to see surpassed for a continuation confirmation. GLTA
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