AUS200 = pathway to 7080 from 7380 nowA possible 300 point correction - if that happens, this is how I see it unravel over the next 3 weeks
If there is a daily CLOSE > 7415 then this gets invalidated. Very close to that mark but that is where the best RISK v REWARD lies in going against this huge uptrend
(Not all levels can get hit on the given date/time but the overall path towards 7080 could see this projected patch )
Ausbiz
PNV Basic Trend FollowingPNV has been in this overall up trend since March of this year.
The trend is confirmed by the third touch occurring on the 22nd of November, RSI has just increased from the oversold zone with volume 2-3x any other day since the 20th of September showing bullish momentum.
There is a short term resistance at $2.285 which must be kept in mind.
Entry: $1.910 -
Target: $2.285 - The short term resistance previously mentioned
Stop Loss: $1.770
Basic TA, trading with the trend.
Open to criticism/feedback as I am relatively new to this.