Golden cross and renaissance for Parity (PTY)

Parity Group Share Forum

Creator Erogenous Jones	Created 13 Jan 2006	Posts 11	Last Post 7 years ago

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21/05/2013	Parity Group PLC Posting of Circular
17/05/2013	Parity Group PLC Interim Management Statement
17/05/2013	Parity Group PLC Notice of GM, Proposed Placing & Admission to AIM
10/05/2013	Parity Group PLC Possible fundraise and move to AIM
03/05/2013	Parity Group PLC Posting of Annual Report and Notice of AGM

There has been some speculation that Spearhead will make a bid for Parity following their acquisition of over 23% of the shares in PTY in recent weeks. This has pushed the price for PTY up considerably so that there is distinct chance that a Golden Cross is revelaed on the share chart.

For those who are unfamiliar with the term, a Golden Cross is formed when the 50day moving average crosses through the 200 day Moving average AND both moving averages are rising. Technical analysts believe this is a very bullish sign, but it does not guarantee that the share price will continue to rise.