SkunK is back at his stateside den.
Looks like we have a classic pennant or flag formation building on our technicals. We are sitting right on the 50 MA with both the 20 and the 200 MA above us. We have had tighter and tighter daily trading ranges. Those Bollinger Bands are screaming as they come together. The SkunK thinks the PPS is about to make a significant percentage point move. Not smart enough to tell you which direction - but I figure we are gonna go somewhere fast by the end of the week.
Just my opinion, but that's the way I see it. . . been wrong plenty of times on this stock. . . a pennant or flag is normally a positive signal, but this stock can certainly be ab normal.
SkunK
You take a look,
Discussions of Pennant or Flag at:
http://www.investopedia.com/terms/p/pennant.asp
http://www.trending123.com/patterns/bull_flag.html
http://www.investopedia.com/terms/f/flag.asp
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