PGOLD still look good

So far the weekly chart of PGOLD is looking good. Green candlestick is under development for a possible confirmation of Bullish Hammer pattern. While other stocks have dead crosses on SMA lines this stock have a renewed 20-day SMA so it bullish sentiment is still intact at this point. Current resistance for PGOLD is the 20-day SMA line together with the 23.6% Fibonacci Retracement level. Another line of interest for PGOLD is the near 42 level. This line has been tried many times but haven’t been broken.

Caveat!

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