PME 3.86% $122.01 pro medicus limited

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

  1. YLJ
    819 Posts.
    lightbulb Created with Sketch. 870
    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.

 
watchlist Created with Sketch. Add PME (ASX) to my watchlist
(20min delay)
Last
$122.01
Change
4.530(3.86%)
Mkt cap ! $12.76B
Open High Low Value Volume
$119.83 $122.28 $118.79 $17.75M 146.5K

Buyers (Bids)

No. Vol. Price($)
6 51 $122.01
 

Sellers (Offers)

Price($) Vol. No.
$122.03 28 3
View Market Depth
Last trade - 14.16pm 05/06/2024 (20 minute delay) ?
Last
$122.08
  Change
4.530 ( 3.81 %)
Open High Low Volume
$119.57 $122.25 $119.54 21507
Last updated 14.34pm 05/06/2024 ?
PME (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.