PPS 0.00% 62.0¢ praemium limited

The best buy signal was back around mid-October when a cup and...

  1. 306 Posts.
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    The best buy signal was back around mid-October when a cup and handle pattern formed - I bought in at around $0.55 with a target of $0.67 and sold out at $0.65 for a nice short term trade. I agree it looks like it will run up again but I'm cautious of the fact that price is probably completing an Elliott Wave 1 wave and the recent high might have been the top of that wave. Theory says the following Wave 2 could fall back by 75% of the rise of Wave 1 - ie back to below $0.40 . I've had a good feed off PPS and for now and as a short term trader I'll sit back and watch for another opportunity when I'm convinced Wave 2 is done and dusted (or price makes another tradeable pattern). Someone mentioned a possible double bottom - the recent low coincides with a low back in 2017 as well so I'd say its a great double bottom.
    Good luck with it.
    https://hotcopper.com.au/data/attachments/1808/1808970-48df8bfba2144febfc50d538e5e37470.jpg

 
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Mkt cap ! $297.4M
Open High Low Value Volume
62.0¢ 63.5¢ 61.5¢ $446.2K 711.3K

Buyers (Bids)

No. Vol. Price($)
2 94471 61.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.5¢ 4564 1
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Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
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