Breakout structure model is still in play on weekly - there's just a lot of left side overhand to chew through.
Overall good performance with enough positive signals supporting a long position.
Daily zoomed-out picture and there has been some strong selling and absorption. VWAP, which instos tend to use to base their buying around, shows the average has turned up finally (within base structure). The 30week ema pointing upwards is positive and has shown to lend support on pull backs, offering good risk/reward trades.
With the leftside overhang in mind I think it will just take a little longer to digest weak hands. Overall the market is showing some indecision among other small cap leaders, so keep that in your thoughts too.
PNV - Chart, page-15854
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8018 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |