We were caught off cycle
Weekly chart has us taking profits from a year long rally (from $1.10) but the xjo is going to finally price in their first rate cut after the next correction
I can't see us going backwards
The rest of my portfolio is already breaking out albeit some haven't done 150% gains in the past 12 months (some have done 500% gains so PNV can obviously go higher)
The last market correction back in April, asx was still pricing in a rate rise & we hardly went under $2
I can't see a rate cut putting us that low again so we will have a higher low than that
My opinion is the more people that sell now, the higher the price gets when they buy all their shares back (or they stay out of the market & watch the price go boom before panic buying again after the pump)
We were caught off cycleWeekly chart has us taking profits from...
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Last
$2.65 |
Change
0.090(3.52%) |
Mkt cap ! $1.830B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.67 | $2.56 | $6.278M | 2.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 495 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 35370 | 3 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |