PEK 9.09% 20.0¢ peak rare earths limited

omg his right!!, page-55

  1. 1,897 Posts.
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    Mike 68 I use T.A. to trade with and F.A. when I want to hold a good company. I have traded PEK numerous times and also have a core holding as I believe in the story. I occasionally share what I see on the chart and I guess it may be in the 'eye of the beholder'.
    H.S.- left shoulder high Feb 10th 51.1c
    left neck line low 45.5 Feb 21
    head high 62.5 Feb 29
    right neck line low 44.5 Mar 7
    right shoulder high 51 Mar 12
    break down through right neckline Mar 26
    price drop from head high to neckline 18 c
    therefore 45 c neckline less 18 c gives me a
    a target of around 27 / 28c

    As far as the gap at 29, it was always there so there was always a high chance it would fill at some stage. There are occasions where gaps dont fill but mostly gaps will endevour to fill, either up or down.
    As I've said, I only state what I see. To me, this has been a basic, simple pattern which has played out.

    Any other T.A people like to make a comment, confirm or disagree
    I hold and intend to buy more soon .


 
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