PNV - Chart, page-19617

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alhambra

3,083 Posts.

236

13/09/24

09:19

Post #: 75656558
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Originally posted by TheFadz: ↑

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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You’re guessing wrong. I’m not and never have been a day trader. Give me the date of my bullish call when the market was climbing after a green candle and I’ll analyse it for you (if that’s what occurred). My most recent trading started early November 2023 and concluded 17/07/2024 when I sold all my holdings at very strong profits and high rates of return.

I’ve been thinking about re entering but the set ups I’m looking for have not eventuated.

I think all your Bulls and Bears commentary is for the impressionable young amateurs. Very confusing, especially when the trick is to simply hook onto an entry point and ride a trend all the way until a sell point presents in between the buy point, six or nine months down the track.

Alhambra.

PNV Price at posting: $2.54 Sentiment: None Disclosure: Not Held
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0 Great analysis

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