November 14, 2011
May 04, 2011
PKD : Contrarian blood !!
Never try to catch a falling knife ! I know i know .... but i have a big chunk of contrarian blood in my veins !
Here is daily chart of PKD. This fellow here is pretty much oversold. It has closed right on the .382 retracement at $5.91. It also has completely filled the gap from last March.
I suspect there should be a decent bounce off this level for the next few days up to at least $6.45. We shall see starting tomorrow !
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