123Tom's TA study group

[123tom]

Pretium is pulling back towards the 8 target zone

8.30 area looks like a key target but I have a hard time buying above 8.
been burned by it in past wave patterns. I like the 7's better. even though PVG has made strong rally moves, these pullbacks are not weak either. I'd like to watch it and see how close it gets to 8 dollars.

This year, bargains were closer to 6.60/7.00 area. maybe that cycle is passed now, and best bargains might be 7.75 area. The mine is developing. things are stabilizing. a rough patch this year for PVG is overcome and the investing public is starting to calm down about PVG.

It feels to me like its turned the troublesome corner.

In the chart picture the top zones so far are 10-11-12 area.

and the bottom zones now are 6-7-8 area.

a simple look at the current cycle