Just to add further confirmation Just had its 3rd support test at 1.50 from the same previous sellers that refuse to give up (same as the last 2 at 1.14 & 1.18 from the lower channel) This channel holds & we are firmly in the 1.85 channel The same uptrend from the 12th of march (without the tariff panic pricing)
We still need to clear 1.85 to get us into the 2.20 channel & it takes time
We just need to wait for the bears to break this trend & it confirms another leg up (Each failed dip/pullback should provide a little boost for bulls)
Market just needs to hold on a little longer so this squeeze can continue Each red flush should get rid of day traders & make them pay the higher prices to get back in now
I just sit back & observe the panic traders trying to get in & out
Good luck to the 70m short that refuse to cover
I'll post a chart once the bears give up on this cycle
PNV Price at posting:
$1.54 Sentiment: None Disclosure: Held
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