PERP is having a pretty good support at $0.6-0.7, if it holds, it will probably continue its uptrend with a Broadening Rising Wedge pattern to advance to $1.2 or even $1.8 in the end of July and beginning of August. Strong buys on May 24, June 22 and July 11 show full potential for PERP for a medium-term target of several months. However, we should be careful in case PERP loses the $0.6 zone because it might fall sharply and the nearest support we can consider buying PERP is the $0.4 zone.
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