Nothing let some good news to get a pattern in play...
I have previously mentioned the Diamond continuation visible on the weekly chart. It seems to now have
taken a decisive direction, though 2.77 need to be surpassed for full confirmation. It is also an important level
as the midpoint high of the Sym. Triangles on the daily chart.
The daily chart shows the two overlapping Symmetrical Trialnges (blue and black boundaries).
The second has now broken to the upside as well. It can also be viewed as a continuation
H&S with a down-slanting neckline and perhaps is better classified as such based on the
volume within the pattern. The implications are the same so it is academic.
The measured target for the narrower pattern is circa 3.43 & that of the larger one (as well
as the Diamond) is circa 4.24
Approaching the important 2.77 level as I type.
GLTA
PNV - Chart, page-8258
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8018 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |