PME 2.76% $172.76 pro medicus limited

Glad at least one of us caught a piece of the action. I did not...

  1. YLJ
    819 Posts.
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    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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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

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No. Vol. Price($)
1 127 $171.16
 

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Price($) Vol. No.
$172.76 2448 2
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Last trade - 16.10pm 26/09/2024 (20 minute delay) ?
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