New on the Passport Potash resource.
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PPI.V
TA indicates:
PPI.VN – Passport Potash Inc (TSXv)
Date Open High Low Last Change Volume % Change
04/03/12 0.2950 0.2950 0.2750 0.2800 -0.0100 88900 -3.45%
Composite Indicator
Trend Spotter TM Sell
Short Term Indicators
7 Day Average Directional Indicator Buy
10 – 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 – 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Short Term Indicators Average: 20% – Buy
20-Day Average Volume – 276344
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 – 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 25% – Buy
50-Day Average Volume – 314132
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% – Buy
100-Day Average Volume – 616313
Overall Average: 24% – Buy
Price Support Pivot Point Resistance
0.2800 0.2633 0.2833 0.3033
Passport Potash’s resource estimate news today was excellent.
In any ‘normal’ market, the stock would have risen 30% or more but the fact is that small cap mining stocks are just out of favour right now. Their time will come and this news at least puts a floor under the share price I believe and it should work its way higher as the year progresses.