I am a sceptic in regarding charting. My general view of them is that they are like statistics, you can interpret them in any way you might choose as to how you draw lines, and I question their predictive value.....but I too question how you look at this and say it's bearish. What technical aspect makes you say that?
I happened to look at barchart just now and they say STRONG BUY : The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.
Now...that is just a computer program analysis but it's just looking at the data.
What are you seeing that's different?
PNV - Chart, page-19149
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Last
$2.48 |
Change
-0.115(4.44%) |
Mkt cap ! $1.715B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.58 | $2.47 | $1.607M | 634.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6460 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 8381 | 10 |
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| Last trade - 12.11pm 18/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |