ASX:PGC Paragon Healthcare - waiting for a good entry point

Jul 5, 2018

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.