PNI gives you all the indicators of an overvalued, overbought stock. It has had a crazy month so far but I don't think Pinnacle investment can keep up the trend anymore.
1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website.
2. There is a gap...
ENTRY: 5.95
TP: 6.39
SL: 5.45
- ADX>20 today (17 Nov 2020)
- RSI>70 today (17 Nov 2020)
- MAs are aligned
- Break up with decent volume, but was hoping for higher volume