Last week PMV followed the chart pattern we’ve been monitoring for a number of serial underperformers, i.e. a failed dip to fresh 2026 lows. However, with PMV there was no time to blink as the retailer popped ~10% followed a mixed FY26 result but a large beat on the dividend front. The chart below effectively illustrates selling exhaustion.
- We can see PMV testing $15 in the coming months affording exciting risk/reward.
MM is bullish towards Premier Investments (PMV) below $12
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