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PNV - Chart, page-7599

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dory

5,760 Posts.

907

26/08/20

21:19

Post #: 46846892
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Originally posted by publowpicasso ↑

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

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Been proven by who ?
PNV Price at posting: $2.16 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $2.34		Change -0.020(0.85%)		Mkt cap ! $1.611B

Open	High	Low	Value	Volume
$2.34	$2.37	$2.33	$1.152M	492.1K

Buyers (Bids)

No.	Vol.	Price($)
12	20685	$2.33

Sellers (Offers)

Price($)	Vol.	No.
$2.34	14462	27

View Market Depth

No.	Vol.	Price($)
9	14453	2.340
22	38032	2.330
18	42278	2.320
15	54618	2.310
14	56307	2.300

Price($)	Vol.	No.
2.350	27267	35
2.360	91140	26
2.370	74488	19
2.380	55193	12
2.390	150326	14

Last trade - 13.41pm 14/06/2024 (20 minute delay)


Last $2.33			Change -0.020 ( 1.24 %)
Open	High		Low	Volume
$2.34	$2.37		$2.32	169987
Last updated 14.07pm 14/06/2024 ?

PNV (ASX) Chart