ASX stock Analysis PNR

ASX stock Analysis PNR

Time Frame : Weekly Chart

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.

Stock : ASX stock PNR

Current Price : 0.225

Status : On watch for a move above 0.26