PT : Will not stay above 3 for long

PT may rebound and test resistance from about 3.32 to 3.38 but we doubt it will be able to rally and hold above here without a massive dose of good news on the international front, and even then 3.50-3.54 is another big hurdle for the stock should luck prevail.

We think there is a good chance any rebound will fade and the stock will come down to 2.88-2.90, and quite possibly to nearer 2.60-2.65 should word markets fail to rebound quickly.

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