Premier - PMO

Sorry, yes bearish/downtrend. School boy error on my first post, I should wake up before posting. Wrists firmly slapped.

Hi Tenfourzero,

Thanks for your post, its nice to see new people posting and thanks for your comment.

About your post, do you mean bearish rather than bullish as bearish implies price going down and bullish implies price going up. The support areas I can see are 60 (strong support) and then 47.88.



Please continue to post as thats what chartsview is here for to help and support each other

Long time reader, first time poster.

I see a gartley bullish pattern for PMO, the percentages are bang on so I am highly confident of the bull trend continuing down to the first (it could drop further) target area of 41-59. This ties in with my support tl of 58 as my target.

Would welcome thoughts on this.



Would like to take the opportunity to thank Ronnie & RedChilly for their posts.

Ashamed to say I bottled it yesterday and closed down my short for a tiny profit, oops, looks like that train has departed

Well, this played out as I suggested. The sub 71 close for the month is key IMO and the fact that it closed sub 70 on the daily with a bearish harami only reinforces the bearish picture.

Would like to see this gap close now to complete the retrace at something solid. This creates a nice springboard for the next rally.

GL
F4T

Just some quick charts....
This has given up most of its surprise gains from yesterday....no position here atm, chart just out of interest.

4 major resistance levels on the daily here....which i have labelled. between 73.5 and 79p
If it can get above those on a end of day basis, witha rsi breakout....then it's game on....
otherwise this should keep makinhg lower lows, insid ewhat looks like a bearish broadening triangle.

atb, wdik, dyor,
trendfriend
premier daily.