PBI premier bionics limited

technicals

  1. 850 Posts.
    G'day,

    A few weeks ago PBI traded down to its 62% retrace point at $0.30.

    Its 38% retrace point is at $0.42.

    It traded through this point on Friday, but to show it was not just an over bought situation, traded through Friday's high this morning.

    Trading through this strong resistance point is significant.

    Short term target is $0.50, with possible small bumps on the way.


    All the best

 
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