Turnaround stock ?I normally do not look for bottoms but I have been following this one for a while. After a retracement down to the 78.6% fib, it appears to have bottomed & is breaking out. I recommend that you wait for a retest and bounce of the level before committing (if interested)Longby UnknownUnicorn792892333
Paragon Care - Potential H & S formationThere is a potential H & S forming. The .66c -.70c level is critical. A break of the neckline and the up channel will see the price seeking support lower around the .56c level. Let's see if the 200 day MA provides support or the rpice breaks down. Note the fib levels for bounces in price especially the 0.382 and its close proximity to the 200 day MA. The purple dotted arrow shows the full retraction if the H & S formation breaks down. This is not a recommendation to buy/sell nor should be construed as investment advice.by UnknownUnicorn792892Updated 3
ASX:PGC Paragon Healthcare - waiting for a good entry pointASX:PGC Paragon Healthcare seems to be gaining traction and has a slight pull back recently but I would still wait for a clearer signal to enter. A nice cup and handle has been formed and i am waiting for the RSI to cross the 50 mark with conviction before entering. That will also mean I prefer to enter after the prices cross back into the main channel at $0.855 at least. It might be proven to be a little late in future but a stronger signal to enter is still a safer bet. If you decide to enter now, set your stop loss tight at $0.795 or $0.765 depending on your risk appetite. Target set at between $0.96 to $1.045 (ATH). A break below $0.765 will invalidate this view.by paper_value1