It seems PME chart threads have been buried so thought I would restart one for those interested. The weekly chart (left) shows a 1yr+ H&S Continuation Pattern that has now broken the neckline to the upside (break-away gap visible on the daily chart on strong volume). The right shoulder is composed of a smaller 4m H&S Continuation that broke to the upside slightly before the weekly pattern. I did not catch the break-outs and was hoping for a retest of the larger neckline, but it stopped just short of my entry point and seems to have continued without me. I am not willing to chase, but I will keep it on the watch for an entry opportunity. Measured targets for the 2 patterns are circa 33.17 & 45.00 Well done to anyone who caught those. GLTA
PME Price at posting:
$31.90 Sentiment: Hold Disclosure: Not Held
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