If you look at the 3 month chart May 21 through June 3 was almost a quad top 2.73, 2.73, 2.75, 2.73, it has been consistently walked down from there (looks like a set of stairs) to where we are now. As Westy says we have formed a base to launch from post the annual reporting and optimism that will follow.
2.70's will be short term resistance if we break up from here which I expect. Will be interesting to see if they are CFP in this report as that will considerably de-risk it for some fundies who have no appetite for any risk at all in he current market.
If you look at the 3 month chart May 21 through June 3 was...
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Last
$2.43 |
Change
-0.090(3.57%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.50 | $2.43 | $2.311M | 940.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17100 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 5973 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |