PME 1.83% $131.78 pro medicus limited

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

  1. 30 Posts.
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    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
 
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