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
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Last
$117.48 |
Change
-3.750(3.09%) |
Mkt cap ! $12.26B | |||
| Open | High | Low | Value | Volume |
| $121.56 | $122.51 | $117.36 | $23.41M | 196.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 294 | $117.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.63 | 47 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$117.36 |
Change
-3.750 ( 3.43 %) |
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| Open | High | Low | Volume | ||
| $121.78 | $122.51 | $117.36 | 18727 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| PME (ASX) Chart |