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Monday, 28 December 2009

PGAS in analysis

PGAS is now in uptrend channel, while it closed at mid-term uptrend resistance. While it might continue its upward force as the MACD, Stochastic & RSI is showing a great bullish that it will continue to the next resistant.

Once it breaks the resistances, then it will continue to the next Fibonacci channel.

As the next it might go to 3975, if broken it will continue to 4000.


Rating: Speculative Buy, TP 3975-4000

Happy Investing^^
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