Premier - PMO

Well, I have rarely seen such good support than on this daily.

Trendline support
Gap support
Strong medium term horizontal support

We also have short term positive divergence and volume indicates a bottom is in play and a falling wedge which is bullish and a spinning top yesterday which suggests indecision and possible short term trend reversal. Beautiful!

Unfortunately both the weekly and monthly have broken trendline and RSI support.

F4T

Hi F4T,

Not sure if your saying this is bullish or bearish....

Your right about the rsi on the weekly and monthly....
i don't see anything bullish imvho....this is doing ll's and lh's.

if we get a rsi breakdown on the daily and the 50 day ema line crossing down to the 200 day ema line....this is going to dump hard......once (and off course if) 58p goes.....

I said last week it was a important week for pmo, my word this week is maybe more vital.....
lets see what happens....this has the potential to get nasty imvho ...

atb, wdik, dyor,
trendfrend

Can someone please post the 20,50 and 200 sma's this evening please.

Cheers
F4T

It's that I am out of contact with my charts

Hey F4T,

These are from IG, not sure how reliable they are compared to the more sophisticated packages out there!



dl.dropboxusercontent.com/u/24866576/201...30-06%20PMO%20MA.png

Cheers
M

Thanks mate