Agoracom: Small Cap Investment - POET Technologies Inc.

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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schnauser

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1.60

posted on Apr 13, 2015 11:58AM

Over the last 5 months, PTK has bumped its head up against C$ 1.60 3 or 4 times, and finally broke out, quite convincingly on April 30th.

Coming back down to retest 1.60 where former resistance will now become support is just par for the course. TA might not be a reason to invest, but it can help you put your emotions in check. There is NO information in the price action here. This is all noise.

Now, if it closes below 1.60 (CLOSES), and stays there for a week, then I will start to get worried. But right now this chart is a dream come true. Somebody somewhere bought on the breakout, and will buy his last traunch after the price pierces 1.60 and bounces back.