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ASX stock Analysis PNR
Time Frame : Weekly Chart
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Watching for Buy Entry Setup
PNR continues to show strength since our last alert on the 21/04/21 and we expect that price is only struggling because Gold has taken a hit. Price is holding up nicely off the 0.185 support and starting to show signs of building for a move up. We are now watching for a higher low and push up through 0.26 which could be the start of a leg up to 0.40 area. We expect that Gold bulls will need to support spot gold first so we will be watching the lower timeframe daily chart for confirmation.
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Stock : ASX stock PNR
Current Price : 0.225
Status : On watch for a move above 0.26
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