Let me offer one more purely objective and noiseless analysis on PnF charts..
1. Look at the 2 right triangles with a perfect 45 degree angle lines offering resistance
2. The past yellow triangle had a breakout that ended around 3.95.
3. History repeats itself on charts.. and in the current orange triangle we are seeing a breakout now... Replicating the same yellow triangle point to point.
4. The 2 red support trend lines below are 1st and 2nd level supports.
5. If the company keeps doing well, the 1st closer red line should not get breached.. if it attains around 4 with a faster pace..then I know that would be a time to book some profits for myself and wait for a new support line that should be a 3rd higher one. As long as the supports remain intact, this is a stock to remain bullish.
PNV - Chart, page-19458
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $1.388B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $2.01 | $1.537M | 758.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39507 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 3342 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |