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I first saw the PRMW chart last year when it was in the 1’s and it looked like it could be putting in a nice bottom.

Then I forgot about it until it made the move over 2 and I saw it in a scan and told myself to remember it, as it was clearly looking good.

Fail. I forgot again until it went over 3 and I swore I would put it on the main watch list and guess what, yep forgot again.

Now it’s at 4 and the weekly chart looks like a perfect rounded bottom. I am going to stay with it this time and watch to see if it consolidates further here between 3.50 and 4 and then look for it to take out and stay above the 4.50ish level. I think that may present a good entry into this stock for a swing long trade.

PRMW1

 

2 comments on “A Primo Bottom

  1. What’s up mates, fastidious paragraph and nice urging commented here,
    I am really enjoying by these.

    Like

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