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PXS...Pharmaxis Ltd.

Chart Forum » Stocks - ASX: short term (strictly TA) » Archive through December 20, 2011 » PXS...Pharmaxis Ltd.

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Username: gdd3

Post Number: 1443
Registered: 09-2002

Rating: N/A
Votes: 0

Friday, July 08, 2011 - 01:39 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)

The last time PXS came to my attention was a month ago when I entered her in the Weekly Comp'n basis an intraday pattern that resulted in a 25%+ almost instant move. Well, a similar pattern has emerged, again on a 30min timeframe, that is now looking promising....for another 25%+ move maybe?(says a bold HE)...well I'd accept a move back to test the mid $1.20's recent highs.

Definitely not a share for most here but then again in our present market most would see buying any share "risky" atm. But there are some who may still see and use swing trading as a means to take advantage of the volatility out there and "thrive" on risk.

If I am "reading" this 30min chart correctly, a couple of periods above 97 should be our last remaining "trigger". Risking 8pts to maybe get 24pts is my ploy(but not advice!).

Cheers and have a good weekend.


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