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1.85%

$2.20 polynovo limited

Thanks Stockrock.Great analysis.Interesting to see if $1.50...

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squaremile

244 Posts.

35

14/11/21

14:17

Post #: 57562948
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Originally posted by stockrock: ↑

EMA divergence is very high at the moment, which suggests its not too far off consolidating, thus seeing a convergence of the EMA in the coming days/weeks. It's happened time and time again in the past year or so.

MACD divergence is extremely high, higher than its been all year and again suggests that the moving average must start to consolidate shortly.

Also noticed a bullish doji on Friday, where a similar doji appeared several times leading to a reversal in the following trading days (blue x below).

I also noticed a strong bounce off $1.46 late in the trading day which saw it push to $1.52 on large volume. Seems like a weekend to gather everyone's thoughts after a pretty bad week.. may mean cooler heads prevail this week and we see it consolidating and pushing back up to the $1.60-$1.70 range.

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Thanks Stockrock.
Great analysis.
Interesting to see if $1.50 holds.
Brought my first tranche of PNV on Friday @ $1.51.
I am still a big holder of ARX, but even I identify there is value to be had around these levels.
Hope the week ahead will be kinder than previous weeks.
Good luck.

Last edited by squaremile: 14/11/21

PNV Price at posting: $1.51 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $2.20		Change 0.040(1.85%)		Mkt cap ! $1.518B

Open	High	Low	Value	Volume
$2.19	$2.24	$2.18	$2.224M	1.008M

Buyers (Bids)

No.	Vol.	Price($)
6	39277	$2.19

Sellers (Offers)

Price($)	Vol.	No.
$2.20	11811	4

View Market Depth

No.	Vol.	Price($)
4	26780	2.190
2	26363	2.180
3	7930	2.170
4	44820	2.160
6	32856	2.150

Price($)	Vol.	No.
2.200	11811	4
2.210	6930	2
2.220	58217	3
2.230	6930	2
2.240	14909	5

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last $2.20			Change 0.040 ( 1.94 %)
Open	High		Low	Volume
$2.20	$2.24		$2.19	318186
Last updated 15.59pm 16/05/2024 ?

PNV (ASX) Chart