PNE consolidating wellIf we look at 200/50 MAs and RSI, it is possible that a curved shape occurs with the SP and it can be that 50MA crosses the 200MA for a bullish set up in a few weeks.
Then it is possible testing the recent highs again.
Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis.
I wouldn't invest just looking at the technicals in this volatile market trend.
I recommend you to take into account other indicators as well and doing your own DD.
Not an investment advice. These are just my opinions on the probability.
