Premier - PMO

This failed to close above the 20 day ema line, nothing bullish in any way about a stock that can not even get above the 20 day imvho....

No trade here atm, just a bounce from oversold levels, and a one day wonder, this should by all intents continue lower imvho....

watch the 20 day ema line, no close above no higher...

atb, wdik, dyor,
trendfriend

pmo daily.

F4T, please keep posting...you never know when someone wana jump in for a trade.....
Its always a learnung curve too...
Good weekend...
G

64.50 close on weekly failed to repair trendline break, RSI backtesting break. Also bearish harami on daily.
I expect this to retrace further Monday to minimum 61 (trendline support on daily). 50% retrace of move at 60.50.



F4T

PS: if no one else is trading this I will not clog up the board with updates.

SMA20 is at 66.80, a natural resistance.

Yes, you could well be right F4T. This could be the real deal, and i'm watching to get a long entry, but only when i think it's the real deal....

I don't follow much fundamentals tbh, (no time!). Sometimes that works for me, sometimes against....

Anyway PMO, this stock respects technical's, that's what i like about it....the rsi and ema lines are always well behaved here....

So is the real deal?
Need one more big up day imvho....need to clear and close above 66.25p on eod basis...but i may take the long on at 66.5p intraday with tight stops....lets see,...

I still don't think this the real deal, not convinced here yet tbh....

see the two candles in the circles almost the same.....and the consistent failure at the 20 day ema line.
Maybe same again? lets see...

if we get a rsi breakout, and convincing move above 66.25p, time for the longs, that i agree, i said that yesterday.... until then this could i honestly think come straight back down.
I think this could just be a one day wonder......but wdik...

lets see, good luck if your in this already....i'm no hurry to get in myself...

Austin, don't rush to short imho...(i don't like shorting tbh), but if you do, wait for the ema lines...
66p the level to short this with tight stops.....

atb, wdik, dyor,
trendfriend
pmo daily..

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Note that chart is still in confines of a falling wedge which is more bullish than bearish. Looks like we may break out today.

GL
F4T

PS: had some trouble posting today, hence duplication.....