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.
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Glad at least one of us caught a piece of the action. I did not...
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Last
$172.76 |
Change
4.640(2.76%) |
Mkt cap ! $18.05B |
Open | High | Low | Value | Volume |
$171.21 | $173.50 | $170.42 | $40.61M | 236.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 127 | $171.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$172.76 | 2448 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 391 | 181.390 |
1 | 100 | 176.000 |
1 | 120 | 175.000 |
1 | 35 | 173.200 |
1 | 21 | 173.010 |
Price($) | Vol. | No. |
---|---|---|
164.130 | 411 | 3 |
164.350 | 18 | 1 |
167.810 | 2 | 2 |
171.000 | 26 | 1 |
172.760 | 198 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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PME (ASX) Chart |