Hey Raj,
Cheers! Typically with these sorts of moves a good way to set a target is using a 200% extension of the latest dip, so that is, measuring from the most recent major top and bottom and adding 100% on top, they don't always reach this level, but its a good set target if it reaches that level (in this case that's 40.5c.
Other than that, I mostly track the breakout using support resistance, MACD, and a mixture of emas (eg. staying above the best fit ema for the breakout and watching for a crossover of the 5 and 9 day emas.) and Bollinger bands are always helpful, watching for a big overextension out of them usually indicates a pullback - but not always.
These moves aren't always fast either and are usually news dependant, if there is good news flow the target could be reached in days to a week/ 2 weeks. Other than that it could take weeks to a couple of months.
Currently, I'm watching for a backtest of the major 62% fib (24c) we broke above yesterday, just like the backtest of the minor fib at 21c
@myleogb ill tag you here just in case you haven't seen this one, might be good to pick some up near that fib if it holds.
- Forums
- ASX - By Stock
- PTX
- updated chart
updated chart, page-1179
-
- There are more pages in this discussion • 2,100 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PTX (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $35.43M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.4¢ | $1.752K | 39.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 183614 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 395615 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 183614 | 0.043 |
3 | 320988 | 0.042 |
7 | 562890 | 0.041 |
8 | 693294 | 0.040 |
7 | 597589 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 395615 | 7 |
0.046 | 13200 | 1 |
0.047 | 613389 | 3 |
0.050 | 566739 | 4 |
0.052 | 4000 | 1 |
Last trade - 10.27am 26/07/2024 (20 minute delay) ? |
Featured News
PTX (ASX) Chart |