Thursday, January 12, 2012

PEIX on Deck

I've been featuring PEIX lately, I don't have time now to link to the posts, but they have been this week/yesterday.

 PEIX is at the apex of the triangle, this is pretty much where something should happen, I've liked PEIX long so I'm happy to see it breaking up today. The volume has been correct for the triangle and it may seem low today, but wait for the next chart.

 Volume has been low until 11 a.m., it's picking up nicely.

I remember specifically featuring PEIX on this day in the white box where we have a 60 min buy signal, I remember because I said it was a low risk area (buying at support) to go long.

Good luck for those of you who did, it's probably still not too late.

I'll update as conditions warrant.

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