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PMO

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6 years 8 months ago #15962 by Shotry
PMO was created by Shotry
PMO SP seems to trying for the upside from a triangle pattern. If it closes above 82.5 there is a logical target around 97p and some technical resistances above that level. There's a gap to close on the daily/2h chart to 84.7/84.5.
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6 years 8 months ago #15965 by remo
Replied by remo on topic PMO
This needs to finish above resistance at 82.6 and would be bullish and likely to head to your target area.
Id target the trendline first at 92.6 for a target.


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6 years 8 months ago #15966 by Shotry
Replied by Shotry on topic PMO
It's breaking out now. Should close the gap reasonably quickly if POO stays high.

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6 years 8 months ago #15967 by Trendfriend
Replied by Trendfriend on topic PMO
pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...xX87HKeBfSmxL3hlXfk=

breaking out from where?
careful this may go up to 88p area(if that)imvho....so buying now close to resistance is very risky...

need a 3 x close or weekly close above the 200 day ema line for higher....
atm, 88p and then 90p no break no higher...

atb, wdik, dyor,
trendfriend

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6 years 8 months ago - 6 years 8 months ago #15970 by remo
Replied by remo on topic PMO
Looks bullish short term..
this needs to stay above 82 and also cannot drop below the new uptrend line that's formed recently.
I suspect this is going to test 92.8 down trendline.
Its closed the gap at 84.65 just so happens to be the high today..lol

Support....82,,,,78.8,,,
Resistance...85.7 (200 ema),,,,92.8 (main down trend line),,,,102,,,110


Last edit: 6 years 8 months ago by remo.
The following user(s) said Thank You: Trendfriend

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6 years 8 months ago #15971 by remo
Replied by remo on topic PMO
Looks like a fake breakout...
See what happens tomorrow ..

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