PRZ – some gizzard-squeezing

PRZ (Prezzo) is a restaurant chain. Here’s the chart:

It is my entry for the NFSC, and I’m very happy to see that it is up over 47% YTD. Nice. It is quite an illiquid share, and seems prone to long bouts of sideways movement. The trend has been excellent since the beginning of the year – in common with many shares.

Remember, I’ve no competency with charts, but the big breakout above the upper trendline on only modest volume suggests to me that we might be in for a correction downwards. I continue to hold, though. We shall see on this one, though.

99.5p

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About mcturra2000

Computer programmer living in Scotland.
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