PNV polynovo limited

2.58%

$1.20

PNV - Chart, page-21388

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strangelogic

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02/05/25

11:35

Post #: 78893455
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Originally posted by TheFadz: ↑

Mixed charts overnight
Bulls survived the first support test last night since the 22nd April
8030 xjo got tested & didn't roll over
No breakout, but a failed dip is just as nice to see (for now)

If the xjo can hold 8030 until monday, even if it doesn't breakout (just to hold it up with profit taking & short attempts to end the week), it could begin its next leg up by next week
8340 target by the 9th of May (this will be the end of the road channel if the market refuses to breakout by June)
Fence jumps will be 8140, 8120 or 8100 (depending on the day)

That's assuming market doesn't flush or roll over before then
Today will either be a repeat of overnight trading or a rush above 8250 (by friday night) to create a red candle flush Monday, without taking out the 8030 support channel that just got tested (could retest 8030 next week if it doesn't get tested today)

What does this have to do with PNV?
Nothing really
It just takes the selling pressure off if it pumps & when you have over 70m shorts, any buying will create a domino effect
1.28 is the fence jump for PNV (Not a breakout)
If the market pumps, that's what PNV needs to take out
Day traders will want 1.18 to hold. That's an easy uptrend to track (trading between 1.18 & 1.23 is fine if the market is going nowhere)

If the market flushes or tests 8030...
1.14 is still an uptrend (when it bounces) but that's a very poor dip attempt & should give buyers some confidence
1.07 is a serious attempt at taking out day trading buyers, but keeps the chart intact to get back to 1.38, if it recovers (1.38 is my attempted breakout marker)

Expand

The SP is having a red hot go at 1.30 and bears will have their work cut out to get the Djini back in the bottle by close. The upper bookend at 1.33 will be one to watch re squeeze.

PNV Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.20		Change 0.030(2.58%)		Mkt cap ! $825.5M

Open	High	Low	Value	Volume
$1.19	$1.22	$1.18	$2.173M	1.811M

Buyers (Bids)

No.	Vol.	Price($)
4	26000	$1.19

Sellers (Offers)

Price($)	Vol.	No.
$1.21	10000	1

View Market Depth

No.	Vol.	Price($)
4	26000	1.190
1	2308	1.185
1	10000	1.175
4	25365	1.170
1	10004	1.165

Price($)	Vol.	No.
1.205	10000	1
1.210	24018	4
1.215	13379	3
1.220	16190	2
1.225	2000	1

Last trade - 16.15pm 27/06/2025 (20 minute delay)

PNV (ASX) Chart

PNV - Chart, page-21388

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PNV - Chart, page-21388

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