PNV - Chart, page-21493

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TheFadz

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20/05/25

09:30

Post #: 79110210
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Originally posted by TheFadz: ↑

First real test of market support this morning (since the 6th & 7th May)
I wouldn't worry too much what the asx does today (US tonight will be more important)
Although the xjo fence is sitting at 8360 that needs to jump
Market holds up & it's a quick recovery after a session or 2
Grind up will continue (hopefully ending with the melt up of the century)

Market buckles & it could take a few weeks to resolve with eventual new highs. But this won't be the melt up of the century I'm waiting for
More waiting will be needed

For PNV specific numbers, we need to jump 1.50 today, 1.45 tomo or 1.41 wed to prevent bears regaining control of the chart
1.40 needs to hold, if it can't hold 1.46. But can get as low as 1.28 if bears regain control of the chart & have another crack
As long as the dip buyers keep turning up when the bears have their crack, rather than chase this up just to get stopped out, those 70m (maybe 80m) shorts will be driving the sp up for the next 6-12months (at least)

The rest of you can keep panic selling with every flush or sit on your hands doing nothing

Anyway, it looks like 1.72 could be our marker
As soon as bears lose that, the domino effect will kick in to make a run for 2.40
Until then, still waiting for more volatility
We can't stay under 1.50 for too long though

Expand

Bears held fences quite comfortably yesterday, however the US put up a better fight overnight
Market survived the dump attempt overnight, but I think it needs another session to clean house
Prob have to wait for the US again tonight

XJO fence jump at 8340 today
PNV 1.45
Close prices

PNV Price at posting: $1.44 Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last $1.20		Change 0.033(2.79%)		Mkt cap ! $834.1M

Open	High	Low	Value	Volume
$1.19	$1.22	$1.18	$636.6K	529.2K

Buyers (Bids)

No.	Vol.	Price($)
18	12113	$1.20

Sellers (Offers)

Price($)	Vol.	No.
$1.20	10403	11

View Market Depth

No.	Vol.	Price($)
23	15381	1.200
19	30617	1.195
8	23943	1.190
11	88847	1.185
13	229740	1.180

Price($)	Vol.	No.
1.205	29166	19
1.210	52834	15
1.215	102786	14
1.220	27771	8
1.225	11571	3

Last trade - 11.11am 27/06/2025 (20 minute delay)

PNV (ASX) Chart

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PNV - Chart, page-21493

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