PIR 0.00% $1.49 papillon resources limited

technical analysis

  1. 1,070 Posts.
    Looking at some TA's given the share has been hammered over the last few trading sessions. I was out for a while and decided to get some CFD's. My timing was impeccable LOL.

    The Williams and RSI are showing most oversold levels since July 09 i.e. since the re-rating. I also see that we closed a fraction below the major support level of 58c, lowest since the re-rating too. A few other observations. Below the 21MA and .5c below the 41MA. We are still just within the well established trading range and I believe the trend will reverse. If not then I see the next support is 49c. I find this unlikely given the points I have raised above. I topped up today but did so a little too early in the trading session.

    Thoughts welcome.

 
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