Just an fyi
The only reason we're going up atm is because bears are covering & covering fast (they've almost reset)
Bulls have failed to return to the stock since July
The only positive I see is that sellers are also drying up, so some bulls will eventually return (hopefully they don't until prices are higher again or they stay out of the market)
Unfortunately we wasted 2 months as a result of that august panic
XJO bulls are fighting for a reversal to prevent 8040 being reached & go back for 8240 & them some (mean reversion)
Meanwhile PNV bulls are nowhere to be seen (hopefully that changes today if the xjo bulls are successful)
We will be lucky to hold 2.40 this month unless bulls make an appearance today
Based on the market, I'd price pnv at 2.81 today (either selling towards 2.72 or going back for the 2.96 imaginary highs)
Just an fyiThe only reason we're going up atm is because...
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Last
$2.61 |
Change
-0.040(1.51%) |
Mkt cap ! $1.788B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.64 | $2.58 | $572.1K | 220.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13078 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 9498 | 28 |
View Market Depth
| Last trade - 12.27pm 27/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |