Chart wise this stock is trending down. Price today closed below the 200-day SMA of 0.243. MACD is touching zero and turning downwards. Slow stochastic %K has breached 50 downwards at 44.23. William %R at -92.3. Volume: 581,167.

Its business and financials don't excite me.

Barring unforeseen circumstances, it can go as high as 1.59 as some analysts have forecast. But that won't be in the immediate future. If you can go the distance, say, five years, you probably could reach this target. Don't forget the oil and gas is a very volatile industry. It wasn't too long ago that most analysts were apprehensive of Perisai over its initial corporate moves. Now it has become their darling. Such fickleness is to be expected. As they say, in love and war all is fair and square.

PS: I've made some money on this stock on a few occasions. I took some profit at 1.07 yesterday, having bought at 0.915 a few months back.

It's tough being a soothsayer!

Chartwise, Perisa is in a downtrend. I think it is heading for a free fall if it breaks 1.06 before finding support at 50SMA of 1.035. I have decided to take profit today at 1.07 having bought it at 0.915. I was tempted to sell at 1.16, 1.12 and 1.10 but hesitated until now. Hope I'm right. I'm never good at reading charts.

I have made money on this stock on a few occasions. But I have a small paper loss now because I last bought at 1.90. I was monitoring Padini's price the whole day yesterday. I was tempted to buy when it fell to 1.75. But when I looked at its chart, I came away with a feeling that it would fall even more. I was right. And the price fell quickly after then. There was only a buy price at 1.69. Needless to say I wanted to buy at 1.69. But there was no sell price at 1.69. I queued for 1.69. Can't remember how many, but there were many orders ahead of mine. I was not able to buy at that price; and the price kept going up from then on. I must say Padini's rebound caught me off guard and I should think many others too because by just looking at the technicals, Padini was not on track for a rebound. It was heading all the way down. In any case, I feel the earlier sell-down was overdone.

PS: I'm new here. Best wishes and happy trading or investing!