DML just has not been around long enough to form up a nice basing pattern.
As a rough measure .... I need to see about 5 years worth of data in order to get comfortable from a TA perspective. In addition to been comfortable with the FA and any potential corporate actions.
So I would not venture that DML was actually a breakout for me
5 years???? Do you use monthly or yearly data then ha ha lol. I fail to see how data from 5 years ago in pdn @ 0.01 would affect making profits from pdn charts of the past year or two??? Or the past 3 months for that matter! Still, if your plan works then stick with it . Just coz I dont see the relevance doesnt mean you cant make cash, and thats what its all about
"blue Skies" normally refers to no over head reistance. Given Pkt's history there is still allot of locked in holders eager to sell as the price rises. I know...i'm on the ones that bought this way back in the tech boom when i was first learning about stocks. I think i paid .33 or something like that. I don't even have the paperwork anymore....but i've been watching it as they struggle to stay afloat.
"blue Skies" normally refers to no over head reistance. Given Pkt's history there is still allot of locked in holders eager to sell as the price rises. I know...i'm on the ones that bought this way back in the tech boom when i was first learning about stocks. I think i paid .33 or something like that. I don't even have the paperwork anymore....but i've been watching it as they struggle to stay afloat.
Luckily i was sensible enough at the time to only buy a few shares. I was interested to have a stake, so i would follow the share market, and not just paper trade. I actually remember i bought it on a rumour, but it was a very good lesson to me. I think i lost like $600.00. The lesson was worth thousands!
I hesitate to put this in the outstanding breakout alert thread for some reason, but breaking $29.50 looks very important to me. Could test 30 bucks again.