PNE consolidating well
If 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.
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.
Penafian
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