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johninvest17
Feb 6, 2020 2:36 AM

Here is a buy setup in Pro Medicus $PME Long

PRO MEDICUS LIMITEDASX

Description

It's a buy for me if PME can close above the yellow line and above the 200 ma (red line).
Thus, the resistance will turn to support with three moving averages acting as support too.
There is a trendline at the bottom of the wicks which acting as support too.

Technical indicators are turning bullish.

Worth adding to your alerts and shortlist.

Comment

Note - There is suppose to be a trend line connecting the below wicks of 13 dec, 6 jan, 31 jan. I'm sorry tradingview doesn't allow editing after 15 mins. I should have triple check.... :(
Comments
johninvest17
I took profit today after the 10% opening pump after earnings were announced. I will buy back in soon. Fundamental is very good.
TradeTheStructure
Wouldn't mind another higher low put in to drag in a bit more interest....nice work.
hbf
Breaking out of a nice triangle too to support thesis
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