PSL : All boats rise when the sea is full of bulls
August 3, 2011 Leave a comment
PSL’s week chart is of some interest, even though the best buying opportunity shown by a text book morning doji star late June, PSL looks as if it will hit 20 imminently, with the next target around 20.50-20.70. Further resistance, quite an important one is at 21.20, with a break here likely to see an impressive if short lived ramp.
Should PSL and maybe others in the sector see a stronger surge of consistent buying power due to their relative laggard status we can’t rule out a rally to nearer 25 for PSL, ditto or possibly higher by a tad for TTA.