PNV 1.47% $2.07 polynovo limited

I'm glad you brought that upYou mentioned 2.64 a while ago...

  1. 6,640 Posts.
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    I'm glad you brought that up
    You mentioned 2.64 a while ago & we've certainly past it more than once
    If you understood market movements you would understand that on the 20th it was finishing up the end of the last sell/distribution cycle & we bounced back after hitting 2.39
    You said we were going to go lower
    So that was obviously very wrong when it went from 2.39 back up to 2.65

    Here we are again on the 4th sell/distribution cycle in the past few months (which is a new cycle) & so far 2.40 is the last low we have hit
    If you remember the warning I gave at the end of the September that if we had another sell cycle we would get to 2.40 by the end of the month
    But as long as the lows keep getting higher I don't care
    Bullish structure hasn't broken yet & I can't call it bearish (no matter how many red candles we see)

    If you want to go back to the first 2 sell cycles I can point out even lower lows

    You can pick & choose a week or 2 where the stock is cycling through some selling & distribution
    But this current cycle hasn't finished yet
    So we'll discuss prices when it's over & see how it looks

    The only people getting screwed are those that keep jumping in & out, trying to time the re-entry without multiple positions

    You're just annoyed that you sold out in the 2.50s (allegedly) & have to waste your time now trying to re-enter

    If the market doesn't roll over, most stocks will continue to grind higher
    My portfolio is up another 0.5% today with the market flat again

    Yes I'm expecting a market correction this month but if they leave it until the last week or 2, there is still plenty of time to not only have a fake break through your imaginary 2.64 with strength & conviction & still dump afterwards

    You just can't see market movements & don't understand what is happening
    You just want to pretend that weeks after posting something that you were right when clearly you weren't
    Keep chasing the market

    You want to criticise people buying at 2.50 but you're willing to buy at 2.64 or higher
    Does it even matter if they buy at 2.40, 2.45, 2.50 if its going to get to 3 or higher?
    Can it get lower?
    Maybe but if it doesn't & you've spent your time criticising, you will look like an idiot in a few months time when you look back at your charts
 
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Last
$2.07
Change
0.030(1.47%)
Mkt cap ! $1.429B
Open High Low Value Volume
$2.11 $2.12 $2.05 $2.783M 1.335M

Buyers (Bids)

No. Vol. Price($)
5 19976 $2.05
 

Sellers (Offers)

Price($) Vol. No.
$2.07 9633 3
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
PNV (ASX) Chart
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