PNV.AX ASX
Polynovo
STAY SHORT
Close
1.1400
Prev.Close
1.1350
Change
+0.0050
Change%
+0.44%
BULLISH MATCHING LOW
Sold at
1.1590
Open
1.1650
High
1.1750
Low
1.1250
Close
1.1400
Gain%
-1.64%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to STAY SHORT. The previous SHORT signal was issued on 08/07/2025, 2 days ago, when the stock price was 1.1590. Since then, PNV.AX has fallen by -1.64%.
Market Outlook
Bear market rallies can be severe reversals, causing difficulties for those holding short positions. Therefore, it's advisable to remain vigilant, despite the relative comfort provided by the ongoing bearish trend. There is a bullish pattern to be confirmed, but the share price is still not above its confirmation level and the signal is suggesting to STAY SHORT; however, the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. Given the risks involved, we highly recommend closely monitoring intraday price movements.
Pattern Description
This pattern occurs when two black candlesticks appear with equal closes during a downtrend. The Matching Low pattern suggests that a bottom has been established, despite the new low being tested and no follow-through occurring. This indicates a strong support level. more...
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