Thoughts
- It's been proven that Charts & Technical Analysis is not working reliably in 2020 due to COVID. Look back and count how many technical charts have been posted in this PNV Chart discussion in 2020 & captioned with predictions later confirmed wrong. There are many....
- Multiple people on this page (127) saying "Thanks to whoever sold today I just picked up some more shares at bargain prices". I've read the same comments on other companies/stocks on Hotcopper just the past few months. People who were convinced that a certain price, eg $2.10 was "the bottom" and "bargain". Then a month later the price at HALF that "bargain" price and everyone in panic.
- It's been proven that the market follows Covid news and today was a "bad" covid / market day so PNV drop can be connected to that in part/full.
Conclusions?
As @moosey said: Fundamentals are important & PNV has a good product and business
but
As @YLJ said: Technicals are important. Have an "exit" price...
As per my story above:
It's 2020. The rulebook is being rewritten. Think flexibly. Don't get stuck on charts or "bargain" buy in prices.
PNV / any stock can be $2 today $1 tomorrow. Stay vigilant
ThoughtsIt's been proven that Charts & Technical Analysis is not...
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 (20min delay)
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Last
$2.05 |
Change
0.000(0.00%) |
Mkt cap ! $1.414B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.07 | $2.01 | $2.677M | 1.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9727 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 40253 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$2.04 |
Change
0.000 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $2.03 | $2.06 | $2.01 | 271425 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| PNV (ASX) Chart |