PRN 1.42% $1.04 perenti limited

From a TA perspective you can see everytime below $1 it is...

  1. 15,516 Posts.
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    From a TA perspective you can see everytime below $1 it is supported heavily. its consolidating very well now over 6 months. look to be selling around $1.10-$1.15 then rinse repeat
    https://hotcopper.com.au/data/attachments/5834/5834108-ebc4d9d5ec295dbfb8e1c17e9cdae505.jpg


    What Im watching is the overall structure. First of all looks to be setting up for a crack at that major res at $1.67. Above that and we can start thinking parabolic.
    https://hotcopper.com.au/data/attachments/5834/5834112-b183355e2de925f0421574fb38279123.jpg
    Im now watching the $1.30 area and break above and backtest could signal the breakout within the breakout
    https://hotcopper.com.au/data/attachments/5834/5834115-6c2cf2b72dd8dec5716547160dc4a2fc.jpg

    Couple of key levels, all I know is its low low risk buying around $1 mark where we at now and just wait and hold. I think either a new contract or dividends re-instated will spark this up. Till then BTD
 
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