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.
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...
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...
