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aouwie
Jul 20, 2018 2:59 AM

PME watching for break of bull flag Long

PRO MEDICUS LIMITEDASX

Description

Strong performer PME is set for potential breakout of flag to continue trend.
Chart can also break down to rising support level.
Appears to be in phase 2 of 'hyperwave, although too early to determine'
Comments
WLP350
hi,

Great analysis at that point in time. Would appreciate if you could take a moment to update your opinion as PME has progressively moved up over the intervening month and I can very interested in your thoughts on the next phase.

Many thanks
aouwie
@WLP350,

Hi,

Thanks for commenting on this idea, my thoughts...

Initial target from flag breakout soon to be hit at approx $11
Chart based on TD sequential weekly appears overextended, so I would watch for reconsolidation.
Ideally a retest of potential phase 3 line before further upside

midterm neutral, long term bullish
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