RE: RE: RE: PAA no trust in themI would too if I was invested in PAA.
That $32 is indeed a very heavy resistance.
Also, just saw an article :
https://www.marketintelligencecenter.com/analyfav/1289222
which claims the presence of bullish technicals for PAA.
Hm? The chart ain't negative but bullish technicals? I'd say the chart is turning ugly again so any bullish technicals that were present could soon be gone with the wind.
MACD is turning down at the moment, volume is coming down to a screeching halt and ADX shows force of down-moves is again on the way up.
So, from what I can see now I'd say this one is heading back down again.
With things looking the way they are I wouldn't want to have my OK shares turned into PAA shares when a buy-out or take over comes. I'd much rather prefer for Orko to keep the 45% and keep my Orko shares.
If not I wouldn't hold PAA shares and would probably sell them immediately.
YeOl