As promised, will analysis PEC Ltd , an oil related stock. This stock has always been in my mind and during this week, seems like it props an interest on the movement but too bad, due to technical error, I didn't managed to get the bulk data feeds last friday to check further the confirmation of the buying signal.
But what i can say is the last 1 1/2 hrs buying volumes has been high which gives me an insight that this stock will move higher although part of the bulk volumes has been disposed off.
I will send some technical points to my subscribers later at night when I have got the whole picture of the whole trend on PEC Ltd as well as the influence data from US Economics Data Events..
SOBAYOR,
Thanks,
Star-Trader
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