PPS 3.37% 46.0¢ praemium limited

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    Thought I would throw a couple of charts into this conversation.

    Firstly, a three year chart on a weekly timeframe. The aspect that draws my attention is the massive MACD vs price divergence at the June 2022 and November 2023 lows - Nov 2023 was a lower low, but we saw a higher low on the MACD. This is usually a reversal signal. I also note that the current price is hard against the downtrend line since Nov 2021 - so is primed to break-out from this 2+ year downtrend.
    https://hotcopper.com.au/data/attachments/6025/6025285-707eac7b648389c46d0d66b5e443c862.jpg

    Next on a daily chart, where you can clearly see how yesterday's close has this hard against the 2+ year downtrend - price action over the next week or so will be interesting. Should it break through, I think the first target would be seeking to close the gap that exists from November at the $0.54 to $0.58 level.

    https://hotcopper.com.au/data/attachments/6025/6025292-325d2e562be13e586e4b63a6c731df2c.jpg

 
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