A look at PSPT's chart shows that it's target price has been achieved. Five trading days after breaking down from its ascending triangle pattern, PSPT went to as low as $10.76 before closing at $11.60. Its MACD in negative territory and is now pointing downwards. It is now trading below all moving averges. For the last 2 days however, it's been holding on to the $11.60 level. Let's see if this support will hold, otherwise, next support is around the $10.25 level. Let's see how PSPT develops into this coming week.Sunday, February 10, 2008
PSPT Revisited
A look at PSPT's chart shows that it's target price has been achieved. Five trading days after breaking down from its ascending triangle pattern, PSPT went to as low as $10.76 before closing at $11.60. Its MACD in negative territory and is now pointing downwards. It is now trading below all moving averges. For the last 2 days however, it's been holding on to the $11.60 level. Let's see if this support will hold, otherwise, next support is around the $10.25 level. Let's see how PSPT develops into this coming week.
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