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Friday, December 09, 2016 9:34:23 AM
Jan (CEO) has been investing heavily in PGUS all year, including Ulf & Frederic Telander and EIG Capital. There's a reason, we can be sure of that. Big things coming for those with patience! ProGreen is a long term hold with thousands of acres of land under control in Baja California for years of sustained high growth.
PGUS chart - accumulation has been steady, high and continuous all year - even through pullbacks and consolidation. The 50sma converged with the 100sma. We're due for a move, at the same time we're due for news from Jan.
Chart is set up for a blue sky break out. PGUS pulled back and consolidated at the technical resistance around 0.025. News from Jan on the first deal for monetizing the first piece of land, and we're headed for blue sky. There is no technical basis for further consolidation until the 0.05 range in blue sky territory.
This weeks trade action has only served to tighten up the float even more - which has been shrinking and tightening for 6 months as Jan has bought millions of shares on the open market and longs have been soaking up what's left.
These charts that I posted last week show the setup for the imminent upward breakout:
PGUS chart - accumulation has been steady, high and continuous all year - even through pullbacks and consolidation. The 50sma converged with the 100sma. We're due for a move, at the same time we're due for news from Jan.
Chart is set up for a blue sky break out. PGUS pulled back and consolidated at the technical resistance around 0.025. News from Jan on the first deal for monetizing the first piece of land, and we're headed for blue sky. There is no technical basis for further consolidation until the 0.05 range in blue sky territory.
This weeks trade action has only served to tighten up the float even more - which has been shrinking and tightening for 6 months as Jan has bought millions of shares on the open market and longs have been soaking up what's left.
These charts that I posted last week show the setup for the imminent upward breakout:
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