POG - down 30%

I am not convinced that TA can help here.
The Gold price has driven it down to a point, but the business model is now to be considered, I think it is no longer a viable concern, hence the continuous drops.

I don't think it is to be trended and assessed, in terms of technicals but, you never know

Hi Paitech,

Looks that way to me but if 80p goes then who knows where it'll stop.

Why don't you have a go at a chart yourself? You've got the 80p support so come on - have a go!

Hi all,

Is this POG heading for 80p? an updated comment and chart would be much appreciated.

ta
G

This is doing nicely today after a return to the short term trendline and bodes well for a trend change if it can break 142.4p as there will have been consecutive higher lows and higher highs:



dl.dropboxusercontent.com/u/20815047/FTS...POGdaily07_06_13.gif

Note how the doji from earlier caused the resistance at 142.4p which I missed last time round - nice price action telling us it was a key level hence the resistance a few days ago.

Hi paitech
This has already given the signal on the 123 low breakout.Stops should be below the 2 point(120.6).


Ignore the last candle on my chart as its a bug.

dl.dropboxusercontent.com/u/4899609/pog4thjune.png

This has been in a nasty down trend for some time now and the 123 low was the first green light this share has had since £4. So by following the 123 low signal method you should not have topped up on the way down until now maybe. With any new position you should still have a stop in place as the risk is still there.This is a way to cut down on emotion.


dl.dropboxusercontent.com/u/4899609/pog4thjunelong.png

for strength to come this has to breakout above 164 level. Then you could possibly say that its in a new uptrend and not just a correction????/

Hi Remo,

Whats your take on this one.. is it still following 1 2 3 pattern ?

ta
G