This bid in PME is similar to WTC in logic but due to the stock’s volatility we have placed our bid significantly lower, effectively buying a second wave of weakness in the ASX software names if we see panic early this week.
- We believe the risk/reward will return to PME if/when we see fresh multi-year lows.
Trade Idea: Buy Pro Medicus (ASX:PME) at $107.40 with stops at $100.800 – 6% risk.
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