PME 1.96% $167.62 pro medicus limited

Ann: HY2019 Investor Presentation - March 2019, page-10

  1. 30 Posts.
    lightbulb Created with Sketch. 20
    Interesting chart. Convergence of several things make this a retracement entry point upon getting a next strong green candle:

    1) Upward trend line (red line) starting on lows during 28 Nov 18
    2) Resistance of previous high on ~21 Feb 19 (red shaded box)
    3) 0.5-0.618 retracement Fib line, which interestingly enough has been obeyed in the last 2 run ups
    4) Perhaps less significant is the 50MA, which historically hasn't been a good support.

    I'd place a tight stop loss in case of reversal in overall trend, as the recent falls have been large in magnitude with volume picking up, perhaps signalling change in sentiment.

    https://hotcopper.com.au/data/attachments/1484/1484155-629cc2e1db5ff66fb475e9087f219abf.jpg
 
watchlist Created with Sketch. Add PME (ASX) to my watchlist
(20min delay)
Last
$167.62
Change
3.230(1.96%)
Mkt cap ! $17.51B
Open High Low Value Volume
$165.29 $169.40 $164.94 $40.24M 240.0K

Buyers (Bids)

No. Vol. Price($)
1 133 $167.30
 

Sellers (Offers)

Price($) Vol. No.
$167.95 52 1
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
PME (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.