Could one of you TA experts...
I don't know of any "TA experts" around here.<g>
I look at things from a TA standpoint because I think that although looking at past behavior is not fully predictive, it does have a certain % of probability as to the future course or behavior.<g>(However I am not a "TA expert)
Re: Your question about PGLAF, the stock gave a "buy signal" in June 2003 when it had a one week volume of more than 1,499,400 and closed above its May 2003 H which it had made on a volume of 33,160
The stock moved as high as 1.67 by September 12, more than double the 0.88 on June 13.<g> (That was the first time the stock traded above the $1 level since 2001, and the September 2003 H was above the February 2001 H of 1.56)
The H so far this year of 3.24 was made on May 5 on a volume of 534,367 shares, but the volume that day was less than half of the previous day when it had the pretty good up-gap on a volume of 1,772,965
Since then the stock has closed the gap and traded at a L of 1.86 on May 19.(Volume that day was 63,545)
bigcharts.marketwatch.com
Recently the stock started another up-move on July 29. Volume has remained low and it had an up-gap on Tuesday, that was closed with a down-gap yesterday.<g>(The down-gap was partially closed today in spite of the general market.)
bigcharts.marketwatch.com
The support stands now at 2.50 and the nearest resistance at Tuesday's H of 3.03 and then the May 5 H at 3.24
PGLAF is on a mini-uptrend at present,with the PSML data: P=2.77 S=2.75 M=2.61 and L=2.43
From its fundies standpoint, in its last reported 2ndQ (Dec)the loss was cut in more than half ( $0.02 vs. $0.05) and revenues were 90% better (1.6M vs. 0.85M)It reportedly has close to $0.30 in cash/share and no significant LTD.The insiders reportedly hold more than 20% of the 30M shares.
It announced last month the start of a PII of its PI-88 in patients with primary HCC following resection) of the tumor.
Bernard |
