Figure 1. PERC Daily Price Chart
PERC just penetrated its major resistance line in a very strong upward momentum. This is indicated by the gap up at the opening of the market. Based from this there is now a big possibility for PERC to continue to go up next week. Hoping it can break the 8.12 resistance. The only drawback of PERC this time is its weak volume.
Figure 2. PERC weekly price chart
We can see from the weekly chart that PERC still has a long way to go to reach its peak at around 13.75 which occurred last October of 2007. But prior to that year, it was also able to reach as high as 19.25 (April 19, 2006). Projected future major resistance lines can also be seen located on the chart. Can history repeat itself this time? ...
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