PWR 0.00% 1.7¢ powerlan limited

OVERSOLD AND WILL FLY

  1. 27 Posts.
    On Friday an U bidder came in at 15c and this triggered an avalanche of buyers taken out all sellers starting at 15.5c to 17c at the close. No sellers sold into the storm for the last 20 minutes of the ASX close on Friday.
    I think the bottom has finally been reached at 15c and I will call a stop loss at 14.5c with a target of 20c in 1 month and 24c in 3months.
    With the NASDAQ weakness on Friday maybe early morning will be the final chance to get aboard this stock at very cheap levels.
    One final note I bought the stock 1 to 2 months agoe at 32c and glad I sold out at my stop loss of 28c.
 
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