Good Morning Mimur. PIL.TO
Like almost everything else, this is a hard call.
I didn't create a Three to Watch List, this week.
If I had, I might have included PIL, as I've been watching it as a potential buy.
On the Weekly Chart,
stockcharts.com[e,a]wallyimy[df][pb20!f][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
The price is rising and has reached the 20 week MA.
The +DI line hasn't crossed the -DI, but it appears to be heading that way.
In these markets, I am very reluctant to anticipate anything, so I'll likely wait.
The ADX has turned down (watch the Stochastic) and Stochastic is indicating a buy.
On the Daily,
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
The 20 day MA Buy signal has just been confirmed by the cross of the +DI over the -DI;
however, falling ADX (watch the Stochastic) and Stochastic is indicating an overbought (sell) situation.
So, in my case, the reason I'm not back in, yet,
is that the signals aren't completely clear.
With the potential for some catastrophic news to drive the markets down, I've been waiting. I am wondering daily if I should be selling everything I'm holding. Times like these, increase everyone's uncertainty, and the markets typically don't like uncertainty.
I don't know if that helps.
I don't know what I'd do if I was holding.
You'll likely see me back into this one.
I like the company.
Cush |
