Premier - PMO

This needs to hold 76p Elena.

Below 76p > 70.50p
below 70.50p calls for sub 60p, a test of the inv h&s trendline.

The drop may now depend on the scale of the p/b on the main markets....

atb, wdik, dyor,
trendfriend

Looks like PMO is at critical point at 70p?

If it breaks.. high chances of going down...
March 8th earnings are out.....

ta
G

not sure why it didnt add the chart...

pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XKpiyfoKVCNcZz3sw%3D

this has already broken the mid term trendline imvho....it is finding some buyers at the key 200 day ema line feature on the chart.....if (or once) that support subsides....this should come down to the main trendline at around 56p currently.....

I did warn earlier in the thread of that possibly happening.....if that level fails it could be heading to the 20p gap fill......

lets see....what happens here...

atb, wdik, dyor,
trendfriend

TF,
Have a look at a chart I found today on PMO.
My chart trend line and one on this seems to match but you have a trend line which shows its already broken?
How do you go on about this trend lines?
I may need to go back to basics again...
Ta
G

pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...s3ka0ZsdcQE3zM6J4%3D

this stock is also breaking down...also looks like a bear flag breakdown imvho....
This needs to hold the key 60p pivot level and the main trendline at around 58p....(rising a touch daily)

if those two levels fail....this is in real trouble....i said in the post below of 20p here again...off course that at this stage is quite unlikely....but if 60, and 58p fall here....that target is very much on imvho...

Paitech....you can draw the trendline like that if like....nothing wrong with your trendline....just need to bottoms to draw a trendline....however a trendline with more touches is reliable for trading....and relevant...that's why you have names for trendline....short term t/l...long term t/l....main t/l etc...

take care, and be lucky folks...
atb, wdik,dyor,
trendfriend