Continuing good news has pushed Praemium Limited to all-time highs today.
@So_Cynical out of interest I have had a look at the weekly chart and added some fib levels to see what support levels are in the area, by my reckoning it has broken through the 50% level on it's way to 38.2% level.
I notice that it is still in a down trend (Lower Lows) maybe telling us to sit back and watch a little more.
With a good report, PPS slumped today. Does it confirm the above analysis ? DNH. Fat Prophets advise PPS a buy.Lower lows are never a good sign, i only ever buy a bottom by accident, the fundamental's are very solid and the 50% fall just has to be a little over done, my trades often take many months and sometimes years to come about..
Thanks SC. No flattering, but you always have a far sight analysis on stocks which is very encouraging to learn.PPS sells a SMSF software platform, Labors franking credits policy is a negative for self managed funds going forward. peak SMSF may have passed.
Thanks SC. No flattering, but you always have a far sight analysis on stocks which is very encouraging to learn.
I was short sighted on PPS even knowing about their platform but did not factor the franking credit effect with labour coming.
Good morning !ANZ deserted PPS and joined hands with net wealth
The market lost its patience after the financial report was poor. The share price dived down to 12 months low 43.5 cents only to recover a few cents at the close of market. Did a small trade - buy and sell with small change. Then the end of the day committed a small parcel at 47 cents. Did not jump at 43.5 cents which one director did. In spite of the ANZ switch, the CEO provided good news which hopefully the market will realise tomorrow. What the chartists say ??
Good points Pete @peter2 and you could be right.Are we there yet? Is the bottom in? No opinion. The downtrend is solid. PPS has been out of favour since Oct18 when the market dipped, but PPS didn't recover with the market. The recent loss of a big client (8% of revenue) client wasn't good either.
Like so many other companies, the business updates are glowing but there's no mention of the money.
There's nothing positive in the chart for me.