Painted Pony Pete Ltd PDPYF

RE:calling on justlikethat

[justlikethat]

It looks like we are at a short term bottom. Good risk reward here for long  trade. Doesn't mean it will happen. Just means the probabilty for a long here is better than a short. I'm in at 4.48 US. Looking for the 10dma as resistance.  If you look at a weekly, there is a bunch of support right here going back to FY15 Q4 and little prior to that. RSI on the weekly is about to tip its toe into oversold. I have a lot more confidence in the weekly than anything else. The trends are more hardened and defined.  At the end of the day, my ill gotten trading gains are plowed back into accumulating more shares on dips. Sometimes it works other times it doesn't. On average, it's working.

Someone a while ago posted that they follow the 10 dma. I like that. If it can break that and stay above for a week, that will be our first sign of a real trend reversal.

What period of time to you see price resisntance? Hourly, 4hr, daily, weekly?