PNV 1.69% $2.32 polynovo limited

PNV - Chart, page-19334

  1. 6,478 Posts.
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    Markets still holding support & trying to rebuild after the world had the flash crash (Bears went all in)
    Bulls haven't changed course yet
    I believe markets will bounce around until October but I still expect a proper meltup rally towards the end of the year

    PNV bulls only need this to close above 2.31 today to break out of our flash crash death spiral
    As long as as 2.27 holds before it bounces we remain in the 2.71 channel by the eom & can continue the uptrend

    Bears will need this to tag 2.25 before it bounces again
    But that's only half the job
    I'll worry about a downtrend if that path opens up

    The longer we stay under 2.41, the more chance we have of beginning a downtrend
    So that's the first step bulls need to overcome
 
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