Reverse Head-and-Shoulders Supports Pinnacle
After establishing an inverse-head-and-shoulders pattern, Fairmont Equities' Michael Gable sees a buying opportunity in Pinnacle Investment shares.
The company is included in ASX100, ASX200, ASX300 and ALL-ORDS.
The Australian market broke to new highs last week as unemployment numbers suggested a rate cut may still occur in November.
US share markets have also moved on from a few days of volatility to come back up towards their old highs again.
At this stage, we continue to see that the risk remains to the upside and markets should continue to trend higher from here.
Today, we offer a technical view on Pinnacle Investment Management ((PNI)).
After establishing an inverse-head-and-shoulders pattern, Fairmont Equities' Michael Gable sees a buying opportunity in Pinnacle Investment shares.
Author's summary: Pinnacle Investment shares seen as a buying opportunity.