Hey chartists!
Trying to learn a thing or two about some basics here (as you can see I don't have any legit charting software at the moment, hence my scrawled line).
So this pattern was/is extremely worrisome for a head and shoulders pattern, right?
But it appears like we never ended up breaking below that neckline, so it never actually finished the pattern?
Are we still theoretically at risk of that happening? or has the pattern resolved in the mean time as this right shoulder is so long? And could this be why there are so many shorters, as they've piled on purely as a result of this delicious looking pattern despite not understanding that the fundamentals are sound?
Because fundamentally I can't see this company being valued at much less than it currently is, but the shorters are clinging on with dear life for some reason.
PNV - Chart, page-7840
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Last
$2.61 |
Change
0.090(3.57%) |
Mkt cap ! $1.801B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.66 | $2.58 | $3.183M | 1.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19229 | $2.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 3084 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |