The Big Boys, page-223

PME has had a turbulent few weeks recently.......
After gapping up above the line across the 22 May high, and putting in a narrow spread bar which inferred selling pressure.
Price then put in a No Demand bar, suggesting a lack of further demand for the upside.
Then came a widespread bar that closed poorly, and had obviously had drawn out supply.
Since then price has come off (as would be expected), however there has been a decent attempt to defend the breakdown line at $2.10 so far.



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