accumulation in progress.
You can read this one like a book. Down day on the resources, 50% run last week + Monday, what a perfect day to flush out the nervous nellies and accumlate at sub 3 cent prices. (do you really think that if that 5mill seller at 3.1cents really wanted to get out he would just put 5mill on the sell???)
2.8cents seems to be the retrace point, watch them pull the stacked sells at 3cents and 3.1cents when they have had their fill! Give it a day or 2 and we'll see 3cents again.
PEN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
