May have seen the base today. After each of the last 3 set of results the share price has declined 13%, 11% and now 13.8% and the RSI has traded below 20. Then has bounced approx 20% Nextfew weeks.
Small sample size admittedly, just have to see, but when RSI below 20 (abt 7 occasions over last 18 months) it has historically rebounded22% quickly.
Select equities updated research and said fairly valued when above $3 and recommended buy on weakness.
Another broker had target over 480.
Key management in US now, seeing clients and potential investors, will present at ASX spotlight forum in NY later this month. Also taking in large Health Infomatics?? Convention in Las Vegas, re Enterprise Imaging I'd guess.
Patience is key with PME.
May have seen the base today. After each of the last 3 set of...
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Last
$174.04 |
Change
1.280(0.74%) |
Mkt cap ! $18.18B | |||
| Open | High | Low | Value | Volume |
| $173.00 | $175.83 | $172.00 | $35.60M | 204.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | $173.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $174.50 | 124 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PME (ASX) Chart |