TradingView
rutt
Jan 19, 2020 2:27 AM

Pro Medicus - Falling Wedge - new uptrend resuming? Long

PRO MEDICUS LIMITEDASX

Description

Looks like plenty of upside for PME now the falling wedge has broken out to the upside. Furthermore a fairly major resistance/support level has also broken through suggesting a bullish trend may resume. I'm thinking this could be a good spot to get in.
Comments
final101
Hi Mate. yeh i like this stock, did you buy in at 26.32 ?
rutt
@final101, Hey m8. No I didnt buy. Coronavirus spooked me from pulling the trigger. Still looking to get in though.
final101
@rutt,

i was looking at it today. its looking really good, really good . but that coronavirus. hummm. the institutes could wake up tomorrow and say "let's bring the market down a notch" i have big stops, so if it gets hit , i could be down 5-7% i was stuck in A2M for 5 months . no stop loss . got all my money back but was in pain for 5 months
rutt
@final101, Yeh I think It looks even better value now. However, something doesnt quiet sniff right with the chart at the moment. I'll let you know if/when I buy. Yeh I nearly got into a2m as well, it was a bit lucky I didnt. That would of been a pretty painful, although it prob heads to all time high later in the year. IEL could be one to keep an eye on.
More