Looking like a bullish setup with a symmetrical triangle. Impulse move up with high volume, now retracing with lower volumes and volatility (ATR) as it forms a symmetrical triangle. Also getting close to middle of BB and 50 EMA. Wait a day or two for it to rest a bit longer. Buying at 2.45 would be an aggressive move if you are feeling FOMO. Company has had good...
ENTRY: 2.100 SL: 2.250 TP: 2.305 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - First breakout from range on 18 Oct 2022 with volume before going into range again. - Breakout from range today with volume. - Entry today based on breakout and >3% rebound off 10EMA with volume .
ENTRY: 1.600 SL: 1.470 TP1: 1.810 TP2: 1.935 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI +ve - Moving averages are aligned. - Price went above 200EMA on 5 Jul 2022 and went into range. - Entry today based on breakout and >3% rebound off 10EMA with volume - Would like closing to be better.
Polinovo looks ready to pop and go higher. Down trend ended with nice double bottom base. Cup and Handle, looks ripe to pop. Massive volume to support the move. NB: Not financial advice. Do your own research.
ENTRY: 2.79 SL: 2.60 TP: 3.06 - ADX>20 - RSI<50,RSI<70 - Daily RS -ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI -ve - Weekly MACD -ve - Breakout of ascending triangle on 17 Jun 2021 with good volume
ENTRY: 3.09 SL: 2.80 TP1: 3.36 TP2: 4.08 - ADX>25 - RSI>65 - RS and FFI +ve - MACD +ve - Breakout with good volume on 14 Apr 2021 - Retrace to support 3.06 with lower volume
Great US purchase agreement signing with Premier INc, US medical service provider. Potential game changer for the company, very interesting how US investors react. Great volume coming in, first target is the gap fill at 3.36. Buying news is always super risky. Know your risk.
ASX:PNV The indicator is indicating that share price should be heading higher. Since market update in january 2021, PolyNovo has lost around 33 per cent of its value due to slowdown in second-quarter sales. PolyNovo has reported an increase in sales of 31 per cent in the first half of the 2021 financial year, despite slower-than-expected sales through October...
Should bounce off these technical levels. See chart for notes and trading ideas.
I bought the tl break. but would love a couple of weeks basing at the ath's in order to LAUNCH.
Hello Fellow Trader! PNV.ASX flag break for possible $2.80 test. breaking out of flag with strong sell off into close. A hold above $2.50 would be a great opportunity to target $2.80. PNV.ASX - Polynovo LTD is an Australian-based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb...
big reversal Thursday and further buying have this setup nicely for a break above 2.78/2.80.
An invertered cup has been completed on the 4hr chart. The way the market is heading, this could drop to around $1.45. Lets hope I am wrong. DYOR guys
On a potential reversal day in the mrkets this is a great trade on the old leading stocks. Drop below the Friday low and theres your stop.
Lots of petrol tickets spent bidding this thing up today in a heavy market. Borderline remarkable. Earnings tomorrow. On face value thats fantastic price action. Like everything, one false move and they'll smash it. A buy above todays high.
We don't have a problem. We just get in line.