withoutwings

#PROX - Darwin out, recovery target #1

Long
LSE:PROX   None
138 views
1
Proxama had confirmation today that Darwin is out. From a TA perspective the timing couldn't have been better as the chart looks like it had already bottomed-out and was in the process of turning. So this event should help underpin the recovery.

Overlaying two fib drawings points to an initial target of 0.625-0.64, assuming the strong resistance at around 0.49 is broken. MACD confirmation in the next couple of days will help too if it breaks away above 0 strongly from here.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out