POG - down 30%

Hi all,

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

ta
G

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!

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

I am not sure where this is heading now... thought 80p was a good price..

Now seems even 49~50p?

ta
G

Has it done a 1-2-3 break out? I was looking to go long at sub 65p.

Any comments? ta
G

A finish above 85 should give you the 123 low break out.Stops would then be below 69.5 so roughly 16 points. Percentage terms quite high.




dl.dropboxusercontent.com/u/4899609/pog18thjuly.png