PNV 3.57% $2.43 polynovo limited

PNV - Chart, page-13668

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    Utilising Lies' weekly we see the candle breaking through the ascending triangle and a continuation of the positive MACD. RSI staying in the realms of acceptable.



    Further we have the 10 week and 40 week MAs about to golden cross on the weekly.

    Another daily below shows that the trading range is essentially between the 45 and 195 days EMA. That to seems to be heading for a golden cross.


    IMHO the shorts are hanging on until a series of trading signals (MA golden crosses) occur and then they'll be a rush of buying to cover.
 
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