$PFT nice lift off the bottom on volume. Nice uptick in volume off on the weekly. Like to see it close next week above 70 for some confidence that the bottom is in.
70 should also bring the swing traders in.
PFT trade ideas
Purefoods on watchlist for break of 83c.Moved out of downtrend and has been basing since February. Alot better buying volume tells me it could be changing price movement to the positive. Id like to see a cross and close above the 83c mark on the daily before i look to enter.
If you want to enter here, stop loss at 69c (means a new low has been formed in the base which wouldnt be a good sign for the stock).
PFT:ASX - PURE FOODS TASMANIA - 500% run last 3 monthsPure Foods Tasmania produces and wholesales pate and smoked salmon & trout fish products. The stock has had a nice and steady rise in price over the last 3 months. Worth a watch.
