I've traded PPS successfully in the past but its ragged sawtooth price action can throw you in and out of trades if using an entry technique like trendlines. The video below explores a backtest exercise I did today which also threw up some interesting information about how to trade this stock. It also shows that price is currently making some moves which might provide an trading opportunity. Probably just for the chartists but the two backtest trades showing 349% and 85% gains (admittedly over several years) might be of interest to others.
https://youtu.be/WB2RUw1Oc0I
PPS - Chart backtest and charting techniques
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 (20min delay)
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Last
48.0¢ |
Change
0.005(1.05%) |
Mkt cap ! $233.0M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.5¢ | $202.2K | 428.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4786 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 100419 | 4 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
47.0¢ |
Change
0.005 ( 0.44 %) |
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| Open | High | Low | Volume | ||
| 47.0¢ | 48.0¢ | 46.5¢ | 73361 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PPS (ASX) Chart |