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Thanks jiesen.
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you're welcome!Comment
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Oh no, those poor, poor lawyers...
Can't find a lead plaintiff yet? Well, too bad!
Looks like just about everyone wants to sue PRX for the $55M restatement except for the actual shareholders of the company... funny that!
By the way, PRX is up about $3, or 20% now from where it was a month ago.Comment
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Not a bad call on July 11 jiesen! Looks like it saw about -6% red before turning bullish for thus far +15% from that 'good FA value' post.
You've done it again; found a solid FA call in the face of what was Burnt Toast TA (which did stop out even after +4% move). Kudos!
I note it's doing an 'a' corrective up now, so maybe 18.19 gap fill resistance area the turning point for the 'b' down??
That area will offer a very tempting swing short setup to target the $5.00 price support target I spoke of, or +73% to risk a 7% stop above price resistance above the gap. R/R is over 10, which is very good.
See the very bearish band action in the daily and weekly charts HERE (look at the action in July with closing values below the lower band)
Longs might wanna give serious thought to taking profit at that gap resistance, stepping aside while that resolves itself and getting back on board if that bearish setup fails.Comment
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