PNV seems to have broken a 2 month bearish correction.
Notice movingaverage of RSI beginning to make higher highs within cycles. RSI currently finding support near 50.
Note also price finding support on the Keltner Channel midline.
Notice movingaverage of RSI beginning to make higher highs within cycles. RSI currently finding support near 50.
Note also price finding support on the Keltner Channel midline.
Comment:
PNV dipped slightly lower before gapping up massively on good news, has since run solidly to break its September/October high nearly 70c above the price at time of posting. A 10% stop would have held during the initial drop, but would have been taken our on the long upper tail of the announcement gap up candle.