Glad at least one of us caught a piece of the action. I did not take the entry on the smaller H&S
because of the lack of meaningful volume to accompany the break and then it decided to
gap up above the weekly neckline (on news if I recall correctly) and I was hoping for a tighter
entry.
Concur with your analysis. I usually expect some resistance around the measured target
levels (and would have taken some off the table at these levels, leaving some for a shot at
the larger target).
I certainly do not expect this to blow through the all-time highs too easily. My knowledge
of the finer details of Elliot Wave Theory is rusty at best and it has not been much of a factor
in my trading for a long-time, so I cannot really comment there.
I occasionally attempt to transition to long-term holds when I can justify it (technically and
fundamentally) but I have been more hesitant about that recently, escpecially on the high PE
ratio stocks, given the current macro environment - but I am no expert on that subject. I will
continue to take trade opportunities as they present themselves but I have been somewhat
more aggressive than usual with protecting gains.
PME, page-10
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Last
$192.81 |
Change
2.010(1.05%) |
Mkt cap ! $20.14B |
Open | High | Low | Value | Volume |
$192.84 | $194.72 | $191.00 | $32.48M | 168.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 654 | $192.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$193.00 | 5 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 261 | 191.300 |
2 | 291 | 191.000 |
4 | 432 | 190.800 |
3 | 176 | 190.000 |
3 | 61 | 189.000 |
Price($) | Vol. | No. |
---|---|---|
193.630 | 51 | 1 |
194.250 | 10 | 1 |
194.900 | 200 | 1 |
194.920 | 200 | 1 |
195.000 | 197 | 5 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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PME (ASX) Chart |