PNV 2.90% $2.34 polynovo limited

Understand the agony Rick64, it is very tricky to pick an entry...

  1. 21 Posts.
    Understand the agony Rick64, it is very tricky to pick an entry point at times, especially for PNV due to its share price 'cycles'. I'm not good at picking downtrends, in the sense of having a high % of accuracy. At this time the signs don't look so promising. The folks who look at candlesticks say it is a 'bearish' pattern signalling a top reversal, but it is still to be confirmed. The sp crossed the 20 MA, which itself turned south today. The trend point is at $2.40. If the sp falls below this level, the signal moves from HOLD to SELL. Also, the volume today was just below average and the On Balance Volume indicator (OBV) is bearish.
    Most posters here are in for the long term and so price movements on a day to day basis don't seem to be top concerns. I only purchased PNV in early November last year after researching and watching for a buy in from early October. After purchasing the sp has been down and up a few times, - which is quite frustrating. Hang in there, and all the best.
 
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Last
$2.34
Change
-0.070(2.90%)
Mkt cap ! $1.616B
Open High Low Value Volume
$2.36 $2.38 $2.29 $4.296M 1.844M

Buyers (Bids)

No. Vol. Price($)
6 26821 $2.31
 

Sellers (Offers)

Price($) Vol. No.
$2.35 4554 2
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Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
PNV (ASX) Chart
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