PNV - Chart, page-21371

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nraw

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25/04/25

10:25

Post #: 78801020
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Originally posted by TheFadz: ↑

FOMO continued overnight
Definitely shouldn't be that high yet but FOMO is a wonderful thing

No chance for bears to get out yet (they did have 2 sessions on the 17th & 22nd april but everything else has been a straight squeeze since the 7th april)

XJO almost reached 8100 (top of this range)
No flush during this range yet (support at approx 7800. Usually at least 1 test each range. I did expect multiple tests for each but that hasn't happened yet)
No support test since the 11th april

PNV stays above 1.12 & they can maintain an easy uptrend
No breakout until PNV is above 1.36
PNV closing above 1.18 on Monday puts us into the 1.36 channel

I will put my buy sentiment back on when they test support, not during breakout attempts
Personally, I won't buy more unless it's back at 0.95 (or lower) but my buy sentiment will be back on at either 1.11 or 1.05 (If PNV can't reach 1.28 before it loses 1.11, then I presume 0.95 will get tested. Otherwise, 1.05 should be the lows from here)
If it tries to run without market conditions supporting the breakout, I don't believe PNV bears will try to cover
I believe they will keep shorting as the price goes up
In a few months we'll be back here again with more whinging from retail (bears will be convinced it's a bear market)
But this time they will cover during the next market tumble (which means lows are already in as they can't make new lows, but they need to wipe out as many shareholders as possible)
Market conditions will def support the next breakout attempt

While the market does have an uptrend from the 7th april (had no choice as the market couldn't get any lower without scooping up more shares), there is still no guarantee they will take the suppression off
Until we get the red flush, you don't know how many shareholders will hold & how many will jump
Market still in consolidation since oct 2024 but very close to the melt up breakout
Until it actually breaks out, I won't be calling it

I'm not posting the 8 charts I used to provide this narrative
I'm not posting every chart I use for every analysis
Much easier to post some numbers off those charts with a little explanation (I could just skip the explanations altogether if it's preferred. Saves me a lot of time)
There is also an ignore button that can be used

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I love your explanations I don’t normally think about it the same way as you but it is helpful.

Thanks

PNV Price at posting: $1.17 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $1.20		Change 0.000(0.00%)		Mkt cap ! $825.5M

Open	High	Low	Value	Volume
$1.20	$1.23	$1.18	$3.718M	3.104M

Buyers (Bids)

No.	Vol.	Price($)
2	19703	$1.20

Sellers (Offers)

Price($)	Vol.	No.
$1.21	42504	2

View Market Depth

No.	Vol.	Price($)
1	11728	1.195
1	11730	1.190
1	10000	1.175
3	130706	1.170
2	15004	1.165

Price($)	Vol.	No.
1.210	42504	2
1.220	11730	1
1.225	21730	2
1.230	28928	2
1.240	10000	1

Last trade - 16.10pm 30/06/2025 (20 minute delay)

PNV (ASX) Chart

PNV - Chart, page-21371

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PNV - Chart, page-21371

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