PNV

1.94%

$2.02 polynovo limited

PNV - Chart, page-8279

First 8279 Last

Share
Profile

Follow
Kit Walker

9,765 Posts.

1172

29/10/20

11:39

Post #: 48486686
Share

Originally posted by YLJ: ↑

Regarding the second triangle (black boundaries on my chart)...
A Symmetrical Triangle should have the highest volume at its point of formation
followed by generally declining volume throughout the pattern until the breakout
point. That is arguably the case here, though it is not as evident as usual. Although
higher volume should be expected around major swing highs/lows the few days of
exceptionally high volume at the end of September is a little out of line.
H&S shoulders Patterns commonly have the highest volume in the "head" and
sometimes in the "left shoulder". It is more important though to look at the general
volume picture instead of one or two days on their own. From the inverse H&S
perspective here, there is a lack of the more ideal symmetry between the shoulders
but this is often enough the case. I also tend to prefer them with a horizontal neckline
(which is still a possible adjustment of the current formation) if 2.77 provides some resistance.
Either perspective is valid IMHO and patterns should always be viewed in the context of
the bigger picture and other implications on the chart. Even then, they are just tools for
identifying definable entries and try to increase success probabilities but are never guaranteed.
The breakout yesterday was strong and price action seems to continue to support it, especially
in light of the rest of the market today.
Hope that makes some sense...

Expand

makes no sense, meaningless waffle, like reading tea leaves

PNV Price at posting: $2.72 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 11,764 more messages in this thread...

First 8279 Last

Add PNV (ASX) to my watchlist

(20min delay)
Last $2.02		Change -0.040(1.94%)		Mkt cap ! $1.395B

Open	High	Low	Value	Volume
$2.01	$2.04	$2.00	$1.537M	762.9K

Buyers (Bids)

No.	Vol.	Price($)
1	41008	$2.01

Sellers (Offers)

Price($)	Vol.	No.
$2.03	5942	2

View Market Depth

No.	Vol.	Price($)
1	41008	2.010
3	3707	2.000
2	4936	1.995
2	9435	1.990
2	10000	1.985

Price($)	Vol.	No.
2.030	5942	2
2.040	73942	4
2.050	6539	2
2.060	23114	3
2.100	7200	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

PNV (ASX) Chart

PNV - Chart, page-8279

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PNV - Chart, page-8279

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News