$PPCH Great day yesterday. We should have another one like it soon. Don't sweat a small walk-down or retracement between now and then. From a fundamental perspective, we have a new price target of $1.52 and the presentation at today's 'Seethru Equity Conference', with Propanc set to hit the stage late afternoon; not to mention the other future fundamental catalysts mentioned in previous posts and PR's. From a techical perspective, take a look at the charts. On the daily chart, we are currently sitting above both the 50 and 200 day moving averages, not to mention being perched atop the upper bollinger band. The RSI was a bit hot yesterday in the low 70's and is now cooling while consolidation is taking effect, giving a bit more breathing room for the next leg. There has been a fair amount of short interest, some stop-losses triggered by MM's, and panic by retail investors, especially those that purchased above this range on yesterday's run. Regardless of the small fluctuations in today's share prices, as compared to that of yesterday's upward movement, one only has to look at the candlestick that broke us out of a sideways holding pattern. We also tapped the 50MA before uptrending, as I mentioned may happen in a previous post. Another look at the chart tells me that, regardless of the conference and any subsequent news presented by it, on March 9, we had one very large green candle, followed by a retracement to the middle bollinger band. Should that same pattern duplicate itself here, this may get walked down to a loading zone in the .06 range, before reversing once again. That said, the conference may take this north as soon as today or tomorrow. It depends on the impression made on investors there and/or any news of substance to be released somewhat in tandem to the aforementioned. All in all, this is still looking very solid to me. I congratulate all that had a great day yesterday and I look forward to more of the same for those of us holding; and, even for those flipping trades on the technicals alone. Good luck to all in PPCH.
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Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.