PME continues to bring in multi million/year contracts - deserving of it's high PE. The outlook over multiple years is positive at the minute for PME, and yes the oscillations are a constant change of views expressed as supply and demand. From a technical stand point I think PME is being accumulated in a sell stop zone - an area of high liquidity.
But I understand your perspective and approach and by no means wish to appear as dismissive or rude. I just find bottom picking a slippery slope (pun intended) as the floor could be anywhere. I think the general market rally we see shaping up is purely technical and a classic liquidity grab before a huge dump.
Ann: Trading Halt, page-107
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Last
46.5¢ |
Change
-0.010(2.11%) |
Mkt cap ! $103.6M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.5¢ | $467.5K | 997.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 282250 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |