PEN 2.38% 8.2¢ peninsula energy limited

gap closed please proceed!!, page-10

  1. 272 Posts.
    In case anyone is unsure of Fibonacci......The high earlier in year at 7.5 cents and the trend to low a few weeks ago has caused a retrace to the 61.8% level at 5.5 cents......This is also (rough eyeballing) the fib fan ascending trendline 23.6%....the pullback is likely(in my opinion) due to strong fib at 5.5

    PS Had a few cans so beware
 
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