PEB Pacific Edge - Looking to moveI'm already in this,
but structure is interesting as it looks like a strong move is coming shortly
Triangle breakout and retest complete...
Watch this space!
PEB trade ideas
PEB Pacific Edge NZXPEB I already own this as a long term investment, but interesting chart right now....
Currently had gap down due to bad Medicare news removing product from approved test list, but shortly afterwards one product was ranked highest A+ for test credibility so this may remove the previous restriction in Medicare and open market again
Technically this has a long term Elliott Wave 'Ending Diagonal' with an overthrow pattern which is technically a reversal signal, this was followed by a strong move upwards following the results of an industry comparison of products which proved very positive
Currently the Triangle has been broken and now being retested, and is now at a good point to hopefully go higher... it may need a news/ medicare catalyst, but the probability is that it is more likely technically and fundamentally to rise than to fall...
Moving from current $0.126 to $0.42 will be a 333% Return from current levels
And there are gap closes at $0.49 and $0.78c so this represents a high potential reward to risk trade
PEB Daily Breakout... large gap to closeHigher risk trade but also high potential reward to risk...
Full disclosure I own this stock already as a long term play
Looking to close gap and sell out half of holding and reinvest it elsewhere...
PEB NZ Pacific Edge Limited MonthlyI'm already in this one but is breaking out of another triangle
There are gaps to close and the upside is relatively high compared to risk
This is a loss making cancer diagnostic company but technically at support and breaking out
