RE:Where’s the resistance?Where we are being what it is...we are currently retesting yesterdays high.
There isn't anything left to try to predict resistance zones, at least in my opinion, except Fibonacci numbers which would put next resistance at $4.13USD.
The issue is all it takes to blow through anything at this point is another positive news release so in effect any attempt at prediction is probably futile.
FullMonty22 wrote: Hey PYR gang,
Don't let the bashers keep you up at night.
I am expecting some resistance as we push the $6.00 threshold on the SP. Until there's news I regard this as a fair place to watch the SP stabilize (+\- .50). As we can see from yesterday there's a little bit of volatility in the range this stock will trade at.
Happy to see this pushing the $5 barrier. Remember that there are plenty of folks trying to get in on this fantastic company. At this stage best to sit on your positions and let theta (time value) work its magic.
There will be significant appreciation in shares by August. If you have a high tolerance for risk this means some opportunity to add to your positions as the SP fluctuates, but I wouldn't advise playing games with this one. Peter has proved himself as an intelligent leader of this company. He regards appreciation on the share price as an important strategic objective for his company in the near term. This means he is going to be a factor in catching shorts with their pants down. The last news release was perfectly timed to achieve this. If you are looking to add you positions please be careful. News releases will come when you least expect it and you could be on the outside looking in if you aren't careful.
Holding what I have and not letting anything except common sense and DD guide me. Stay long!