- Joined
- 28 March 2006
- Posts
- 3,572
- Reactions
- 1,320
Important to point out here, that as interesting as the 50% level is, it is NOT a Fibonacci retracement level. Presume its included as a guide.
In the example (USA) presented, if you look at the CLOSING price of the low (23 Nov) and high (24 Dec), the retracement on the 5/6th Jan was actually around the 38.2% mark... NOT 50%.Going off the topic of PRR for this post just to expand on the 50%, back to PRR then.
Has a specific date or date range for the Nasdaq listing been given? Im new to the thread but had thought that the Nasdaq listing hadn't progressed that far. I thought it was only in the pipeline and they had yet to complete the necessary paperwork etc.
Cheers
Interesting surge of buying activity on the closing auction.
But very shortly Bank of New York Mellon is going to need a great big package of PRR shares to cover their ADI's at 30-1.
Who are they going to buy them off?
Just guessing but I think it was on-market buying for this exact purpose that helped drive up the sp in the last few weeks Slip. What do you think? And/or ST getting their allocation?
about high finance
I wouldn't be surprised if it fell to 19c. Descending wedge forming at low volumes. Interesting to see what happens today.How far will this re-trace?
SP has now fallen 20% approx since 0.27 on the 17/01 and has now broken through support at 0.22.
Hope everyone's got there stops in?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?