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Friday, July 06, 2012 6:05:34 AM
PCX possibility of similar Pattern
Okay time to anaylze this - If PCX is following big brother JRCC; then JRCC broke the 20dma hit the 50dma and corrected back to the 20dma.
If PCX is to follow the same pattern then it should get near the 50dma ($3.00) then correct to the 20dma area. (Today it left a GAP around 1.85 and 1.94 -- so if the GAP is to fill then the correction to 20dma is possible.)
http://stockcharts.com/h-sc/ui?s=PCX&p=D&yr=0&mn=2&dy=0&id=p54954694189
http://stockcharts.com/h-sc/ui?s=JRCC&p=D&yr=0&mn=2&dy=0&id=p38590499397
Okay time to anaylze this - If PCX is following big brother JRCC; then JRCC broke the 20dma hit the 50dma and corrected back to the 20dma.
If PCX is to follow the same pattern then it should get near the 50dma ($3.00) then correct to the 20dma area. (Today it left a GAP around 1.85 and 1.94 -- so if the GAP is to fill then the correction to 20dma is possible.)
http://stockcharts.com/h-sc/ui?s=PCX&p=D&yr=0&mn=2&dy=0&id=p54954694189
http://stockcharts.com/h-sc/ui?s=JRCC&p=D&yr=0&mn=2&dy=0&id=p38590499397
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