RE: Technically Speaking Hi Bullboy77:
Nice analysis from another perspective. I'm a fundamental guy and, sorry to say that, I always look upon TA on a stand alone basis to be nothing more than "stock palmistry". You can read whatever you want into it.
However, I think your analysis kind of confirmed a few thing we "fundamentalist" are already on side. This panic selling of PPY.A will seize sometime and the stock price will recover. Not just this stock but many other NG producer stocks that also get caught in this avalanche. If you look the root cause and also into this mad selloff closer, a $2.30 NG price is not sustainable for many producers to stay in business. Forcing them to cap their wells, if that happens, would quickly choke off the supply gut - perceived or otherwise.
If we all remember the plunge in oil prices to around $60 not that long ago, it was basically the same situation. Suncor and the rest of the oil sand producers would be out of business. It's just not viable business.
Since I can never pick a perfect bottom to get in I think $7.52 is pretty good to me so I jumped in yesterday rather than missing the boat - hopefully not a sinking ship. LOL.
GLTA.