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Monday 7 December 2009

PGAS & PTBA in analysis

As I analyzed yesterday that PGAS would go upward, in fact, it didn't it's due to a bad issue came out this morning that it failed to win the court.

That it has to pay a  lot of fines, that amounted millions of dollar.

Technically this stock was corrected today, and tomorrow it will increase as the pattern happened in the past. See the chart by yourself that it might create the same structure of the past as it reached the top.

PTBA as I told yesterday that it will be corrected quite a lot. Congrats to those who sold them in the morning. This stock seems to rally down as it created a Bearish Engulfing Pattern, which is a Bear signal, but who knows that tomorrow will increase as the past pattern. Just wait & see...

Happy Trading...^^
Disclaimer ON!!!