XMD 1.17% 10,423 s&p/asx midcap 50

PME has had a turbulent few weeks recently....... After gapping...

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    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.

    PME 290815.png

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    Z66.png
    Last edited by Jako8557: 29/08/15
 
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