Potential bearish trade in PMT

Detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), PMT represents a potential bearish opportunity with respect to a possible breakdown should momentum continue and newer lows be made past the current position.

Trade active:

Further update provided in the latest weekly video update

Trade active:

Further update provided in the latest weekly video update

Trade closed manually:

As noted in the latest video update for week ended 13-Oct, closing out formal tracking of trade, but tracking in weekly videos for those investors who may wish to remain in the trade. Share price currently testing former resistance - some investors may wish to close out any positions held (depending on risk tolerance).

Comment:

As noted in the latest video update for week ended 20-Oct, bearish momentum has waned for this stock - tracking in weekly videos will cease.