I suspect that this "adverse" 'nym will soon go the way of tenn banker, tex banker, the dearly departed RJ et. al.
Just running the numbers, or maybe I should say chasing them, the yarrow sticks and steaming entrails say modest, but significant at these low volumes, support in the form of pending retail (not institutions) bids at the 11.5 level. Tough resistance anytime intra-day high approaches 12 (or even 11.75).
More of the same sideways trading in the narrow range, keeping PZN twisting in the breezes until the LOC news breaks, good, bad, or indifferent.
How do I know: I don't. Just pure gut. Putting in my .02 investment as a down-payment on future bragging rights, in case things actually do unwind like I expect.
Hey, even Cleo can guess right once in a while! (ducking)
Time will tell the tale.
Trading Momentum Actually Can Keep Enterprises Rotating