PNV 0.77% $2.59 polynovo limited

PNV - Chart, page-19449

  1. 6,504 Posts.
    lightbulb Created with Sketch. 1087
    Market closed 8027
    Too close to my magic number for my liking
    Unfortunately the market being sold down all day, so no pressure on bears to stop
    Could just be early profit takers for the week
    Xjo remains range bound but within an uptrending channel
    Market has refused to show any mercy to bears so far

    Unfortunately, PNV bears shorting since the 13th august refusing to give up
    I'm no expert mathematician but if you start shorting at $2.55 & the price is now sitting at $2.59 after a week, I wouldn't call that very successful

    Very little success for bears so far but they still haven't been punished
    I'm guessing that flush yesterday gave them hope to keep trying
    Bears need to lose $2.60 to make them give up, then the bulls can finally have their turn again

    I still can't find the relevance of $2.64
 
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