I 100% completely disagree
I'm guessing you're another day trader chasing the market
Your bullish call was after a green candle while the market was climbing
Your bearish call was because PNV was in a downtrend & you expected to keep following the trend down
In fact that's where most of the selling from the bears came from PNV
All the daytraders saw a downtrend & piled on the shorts in the 2.30s
Meanwhile the xjo completely ignored the bears trying to short the market last month (which is what annoyed me about pnv shareholders while most of my other stocks were breaking new highs)
I tolerated pnv flushing to 2.46 & 2.49 even when the market didn't
In fact the actual flush didn't come until the start of this month (when PNV was priced at its lowest, my guess it was intentional to wipe out dumb retail)
Once pnv lost the uptrend & the bears started piling on the shorts, the intraday xjo didn't once close below the purple line
Once pnv bears lost their downtrend at 2.33, all the late bears were now in damage control
That's what created the last gap
The xjo is within 30 points of record highs while PNV is scrambling to be priced honestly
Yes we could have another flush or 2 before the end of month
But if we don't have our real correction until October, markets should hit record highs
Meanwhile PNV is lagging the market
If you're going to keep buying & selling shares every 5 cents, good luck with that strategy
Hope it works out for you
But if you're going to keep saying that you're correct (for a few hours), when you're not, I'll keep questioning your posts
At the start of august you told everyone to sit on their hands & do nothing
Markets pumped
Here we are again, still waiting for your entry
But that contradicts your previous strategy of trading every 5cents
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Last
$2.54 |
Change
0.090(3.67%) |
Mkt cap ! $1.733B |
Open | High | Low | Value | Volume |
$2.50 | $2.54 | $2.48 | $542.4K | 216.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 21837 | $2.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.54 | 109176 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 19113 | 2.520 |
32 | 31957 | 2.510 |
17 | 44218 | 2.500 |
13 | 20770 | 2.490 |
13 | 219570 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.530 | 32402 | 11 |
2.540 | 153519 | 18 |
2.550 | 264344 | 16 |
2.560 | 185822 | 12 |
2.570 | 22492 | 7 |
Last trade - 11.56am 17/09/2024 (20 minute delay) ? |
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PNV (ASX) Chart |