The MACD, commodity channel, relative strength, money flow, stochastic and directional movement charts have shown the downtrend for some time now
I am surprised so many have missed it.
If anyone read the Wilsons report DW sent out early Dec 20 you would have seen their 12 month SP forecast was $4 when the SP was approx $3.44 - their report update was based on the breast development returning to the company. It was also based on the company achieving $17.3M in sales in the first half and $27.3M in the second half.
$17.3 in the ist half would be approx $2.883M per month on average so my view is if they were to achieve that they probably should have had a couple of $3M months by now.
So in my view after seeing the charts and taking all this into account I decided $4 was the top supported by the double top close of $4.01
Revenue achieved in the first half when reported will probably determine where the SP finally settles
PNV - Chart, page-9520
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Last
$2.47 |
Change
0.120(5.11%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.52 | $2.38 | $6.169M | 2.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3613 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 38844 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |