PNV - Chart, page-19515

US market conditions still remain stable overnight & bears failed again to break down markets
In fact they've continued to improve in the US since last friday
ASX had lows overnight instead of friday
Still waiting for that end of month flush that has failed to materialise so far
We wait another night /session

I won't go through all the levels for downtrends or flushes or whether we can bounce back
In fact, based on current market conditions, we should be closer to our highs than our lows today
But we'll see how markets respond

Almost half my portfolio has made new 52 week highs or record highs as a result of the recent fluctuations in markets
So yes, I am a little disappointed in PNV atm
Which is prob why I'm posting here a lot
Hahaha

PNV has a completely different take to markets
The bears since march 2024 have continued to try short
I think they still believe market conditions are the same as 2022 & 2023
Shorting the market is easy, it's covering during a bull market that's almost impossible
As long as bears don't drag this out past october

PNV only has to get above 2.51 by Friday (2.53 today) to force the covering again
Hopefully make new highs in the process
I have no idea if bears have finished with their manouver or not
My guess is they'll hold it under for the rest of the week
How low it goes depends on if bulls give up or not (I don't have access to that sort of data)
PNV goes back to 2.33 & bulls have basically reset to start again (as long as we continue to print higher lows with each reset its no big deal)
Since march this year PNV has continued to reset to encourage bears to short & then goes to new highs
That hasn't changed but once this pattern stops, we will begin our real breakout with those in the market enjoying the gains & those out, chasing

So unless something drastic changes, I prob won't need to post again until next week