PEM perilya limited
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Hi SheIt's not unusual to have a couple of countertrend moves in...

  1. nonic
    480 Posts.
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    04/02/08
    15:00
    Post #: 3317501
    Hi She

    It's not unusual to have a couple of countertrend moves in a lengthy trend, check the All Ords chart--it did the same. As long as there's a clear trend I disregard the countertrend rallies, so my fib retracements (intraday basis from the $5.39 high to the 1.39 low) are:
    38.2: 2.92
    50: 3.39
    61.8: 3.86

    PEM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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