PNV - Chart, page-12077

Happy new year to all the Polyn's

Because it the end of the year I thought that I would look again at the PNV weekly charts. Obviously looks like a train wreck.

There is a very faint glimmer of hope. The drop from 4.08 to 2.315 which lead to a DCB ( Dead Cat Bounce) to 3.19 ( a 50% retrace of the fall) , big bounce.

Next since the cross over of the 10WMA below the 40WMA on the week 26 Jun 2021 we have been in a perpetual steep fall. We have just past the Extention of the fall with FIB from 4.08 to 2.31 , DCB to 3.19 the Ext down Ext 50% = 1.43 and we got to 1.35 which is about 53%.

What am I looking for ?

Over the next few months I want the 10WMA to flatten out and even start to rise ( tough call, but I like this stock).

I will first become Bullish with PNV if it approaches around the range of 1.92.

As glimpse of hope I have held onto a numbers of stocks that boomed then died seriously and then recovered remarkably , BRN is the most recent.

This is just the way I deal with the markets , so I am not surprised by what plays out, as always DYOR. We shall see how it plays out.

Good luck folks, Let hope that the closing price in 2022 is well above the 2021 level.

Stay safe ,

Cheers Lies