I'm not sure if I agree with the cup lip price ... if people wish to go back to the candle on May 13th (which looks very much like today's - look for the green arrow) I'm expecting a blow off higher high on Monday for the start of the handle (new bullish flag) for the cup and handle.
This will be the consolidation from the traders who got in at the 80 cent range and allow the tech traders following the MA crosses to build their positions. Will also allow for the MAs to catch up to the current SP for the next push.
Potential channel in futre shown below
PNV - Chart, page-14127
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Last
$2.61 |
Change
0.060(2.35%) |
Mkt cap ! $1.801B | |||
| Open | High | Low | Value | Volume |
| $2.53 | $2.61 | $2.46 | $2.873M | 1.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1310 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 45784 | 5 |
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| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |