There are no shoulders or any other indicators in the pattern to indicate a double top so I would not worry about that.
Any retrace to below 5.5 would be pretty bearish and indicate a continuation of the sideways trend. I think any consolidation in between here and 5.5 would bode well and resume the longer trend + breaking out of the pennant. Small drop in volume is typical of a low liquidity stock after a trend up. Even though we broke the upper BB, the sell off is not heavy.
From an industry POV, healthcare still growing and PME will continue to leverage that so overall there are more tailwinds than headwinds. Looking forward to how things progress.
Curious, page-12
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Last
$128.06 |
Change
2.190(1.74%) |
Mkt cap ! $13.37B | |||
| Open | High | Low | Value | Volume |
| $125.03 | $128.70 | $124.19 | $48.02M | 376.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $127.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $128.16 | 583 | 2 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$127.97 |
Change
2.190 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $125.08 | $128.69 | $124.15 | 38714 | ||
| Last updated 15.59pm 11/06/2024 ? | |||||
| PME (ASX) Chart |