PAR 1.96% 25.0¢ paradigm biopharmaceuticals limited..

Chart, page-2356

  1. 298 Posts.
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    Here's an update the monthly charts posted back in June.
    At the time it looked like the area of high time frame support would be tested and that played out.

    https://hotcopper.com.au/data/attachments/3652/3652581-c78cedc7b73fbc0c752a3ffd3ff72f3a.jpg


    Recent action on the daily has been constructive and could indicate a trend reversal.
    Perhaps the most bullish is the relative strength shown against a weaker US market.

    First area to reclaim was $2 (also a key psychological level) then the $2.20-$2.25 area is important.
    You could make the argument for a double bottom, break of the neckline at $2, push to $2.20 now retesting the neckline.
    You want to see continued relative strength, if the US really starts to lose it, it will likely drag it down, otherwise a stabilisation or rebound in the US would be quite bullish for PAR. Today is likely to be a tough day in the market generally so will be interesting to see the volume and demand around $2, hoping for something like the below.

    All the best holders,
    PM


    https://hotcopper.com.au/data/attachments/3652/3652602-86306257f41579d09f50dc0957598967.jpg
 
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