Looks to me like you've basically got it on your charts too mate. Assuming we're currently in a continuation/accumulation flag formation on the daily chart (the duration of which has been about 6 weeks from the high reached on 16th Jan), the flag pole would be from the previous breakout at 0.40 to previous high at ~0.60....if we have indeed broken out from the flag at 0.50, then this would assume a target of around 0.70 (depending on how the flag is drawn, whether the last breakout was 0.40 or 0.35, tendency to overshoot etc etc).
As stated earlier...I'd like to see a bit of margin away from the resistance trend line/top of the flag and +2M volume to confirm.
Anyway, not a bad day for PNV considering the general market sentiment today.
PNV - Chart, page-328
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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 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |