I'm seeing a possible 3rd wave move up, it seems to of completed a larger ABC corrective structure with a 1-2 wave from the C low.
I have set an early entry at 3.13, i want to see a sharp move up for evidence of a 3rd wave. If we do not get a sharp price move up the i will review this entry.
Currently at a strong support, needs to hold here tomorrow. If it does its likely to head to the neckline of an M formation. This may hold short term resistance before we continue higher to create a W formation. DYOR, only educational. As the environment changes charts will be posted.
Pay close attention to PARADIGM (PAR). 3 Potential Moves
1. We bounce off the .382 Fib level and return to test the 2.80 mark which we saw on 11/05/20
-Being the end of the trading week I suspect the latter.
2. We break the .382 Fib level and Uptrend and head for the 'Golden Pocket'
-Bounce off strong support at 2.00 mark
-MACD is starting to squeeze but if we...
PARADIGM BIOPHARMACEUTICALS (PAR:ASX)
Has been trending nicely for a while now. More good news today with their next announcement "PARADIGM REPORTS CONSISTENT >50% PAIN REDUCTION IN KNEE OSTEOARTHRITIS PATIENTS"
I like these kind of stocks in the medical space that are looking for alternative treatments to surgery. In the increasing world or obesity and ageing...