Analysis:

Paperlinx (PPX) has been struggling for some time as it battles falling volumes, high debt levels, restructuring plans and management changes.

The stock has tumbled by 50% in the past six months, with strong falls followed by periods of consolidation.

PPX has hardly managed to post a meaningful rally in the last six months, unable to string together a string of more than three of four green candles at a time.

In recent weeks the stock has moved sideways around 45 cents and looks set to take its next turn lower.

The stock has formed a minor uptrend in the last month, and this is on the brink of breaking down.

We are looking to short PPX if it breaks below yesterday's low. If entered, we would place stops above this month's high of 47.5 cents.

Speak to our consultants to know more.