PNR looks like it wants to move higher. It has bounced off with high volume off support. I am a buyer at current levels targeting recent highs. My TP will be $0.240 (potential 7% gain) with a stop below the lows.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Steel gloves are on and we're catching knives...with a somewhat calculated approach...expecting a big trend reversal here and long term this to scream back up even higher. (Do not try this at home)
Entry = 0.205
Stop = 0.170
In at 0.205 don't want to see 0.170 break or the move is over.
TBH the chart doesn't look that great. BIG Weekly H and S = Bearish, Weekly MAs have crossed bearish, Dalay MA,s Crossed Bearish.
Positive's
61.8 fib zone is good reversal zone.
Volume in lately soaking up the supply.
Weekly 200ma at 0.190
Good support zones at...
Once again a confluenece of fib levels between .17c and .18c. It is also a support level as the price has retracted and tested it about 3 times. Pantoro is a debt free company but is currently raising capital via a SPP issue. I am interested in the junior gold miners but this is not investment advice nor a buy or sell recommendation.
Bought this one at 22 and its still heading in the right direction. Some good volume coming through and the moving averages are nicely providing support and diverging as is the OBV. RSI is pretty high because of the momentum so perhaps some pull back could be expected before continuing its run. They have reasonably good financials for a small cap of this size....
H&S made target @ .210. Needs to break out of the daily resistance line. Looking for a small pullback and the potential to form a cup & handle on daily chart. Weekly MACD crossed bullish. Looking for the daily MA to cross and price to break out of upper resistance. Zone's of congestion/interest marked on the chart where lot of shares have changed hand in the past....
