PNI gives you all the indicators of an overvalued, overbought stock. It has had a crazy month so far but I don't think Pinnacle investment can keep up the trend anymore.
1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website.
2. There is a gap up which hasn't been filled.
3. No clear support whatsoever until $12.5 and $10.5.
4. Just look at the RSI !
When stonk god gives you clear signals go with it. This is a massive short opportunity.
1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website.
2. There is a gap up which hasn't been filled.
3. No clear support whatsoever until $12.5 and $10.5.
4. Just look at the RSI !
When stonk god gives you clear signals go with it. This is a massive short opportunity.