PSA 0.00% 2.1¢ petsec energy limited

up again and thru the barrier!

  1. 1,317 Posts.
    PSA was up another 2.5 cents today, making the two day gain 4.5 cents. Volume has been up but not significantly. Had there been more buyers in the market we would have seen an even greater rise as the sell side is thin. For the first time for a couple of months buyers have out numbered sellers. The possibilities seem to me to be a broker's recommendation out there somewhere, more Rivkin support, or perhap rumours of a takeover bid. I have no idea if any of these is true. Yogi foreshadowed 27 cents as the next resistance level which PSA would have to break on strong volume if uptrend was to be confirmed. Day closed with buyer 27.5 cents and seller 28 cents so tommorrow will be interesting. Wouldn't be surprised if PSA didn't get a speeding ticket. Anyone got any ideas? I hold. JBC
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Currently unlisted public company.

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