PNV : ASXCharts : FollowUp Update
Keeping It Simple with Price Action & Technical Analysis - The Noiseless Way
Since the last post done on 22-June, PNV has inched higher and remains in Column "X". Thats GOOD.
However, the price point that it stands at now is very interesting.
Check the last post here : ASXCharts - PNV update - 22-Jun-2024
* Just taking the latest close snapshot of the "handle" of the large cup from last post.
* Observe the thin ORANGE strip at current column of X, where the price now stands.
* This is the same "X" point where it first started the down-trend in Feb;2023, and reversed and hit again in 2024 with that LONG "X" column.
* So we are now at the same point of "X" after 457 days.
* If you try, you can visualise a mini cup-and-handle formation, with the 3 points of the pattern neck-line at this thin ORANGE strip.
* Just one more "X" above this column will then confirm the multi-year breakout after 457 days.Waiting for that now, and then my own BOLD forecast of price target around 4.0, which remains OPEN. Provided - Its respects the GREEN Support line drawn below on a weekly / monthy close basis.
Disclaimer : I own this stock and my analysis may be biased and even incorrect. DYOR and dont forget the stop-loss.
PNV - Chart, page-19102
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Last
$2.35 |
Change
0.020(0.86%) |
Mkt cap ! $1.622B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.40 | $2.34 | $2.822M | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13436 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 11159 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |