Pretivm Resources Inc. (PVG)

[123tom]

Have to start making sense of the chart again.

Normal pullback target zone should be around 7.75-8.00.
50ma is around 7.60 and 200ma is around 8.05
resistance shoulder zone around 8.30-8.60 looks like a capping zone. previous rallys coming off a short attack retested the 9 dollar area. but step by step the climb back up will hit resistance pressure, and pullbacks will need to find support. This plunge will need to target 8 dollars again and hold the pullback at 7.50 when the time comes. Nothing has changed for targets up and down since the previous short attack. If anything, traders will see a Range Pattern developing here ,to buy anything below 7 and sell close to 9. seems like a sensible trading plan. I was ready to trim trading share profit as soon as it would hit 9.00-9.30 area, But it got hammered down from 8.90. Now ,at 7 dollars and lower,I'm buying some more trading shares, to sell at 8.80 next time.
shorts like to attack, and give loyal buyers another bargain to buy



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