PEN chart, page-2

Looking at the big picture if PEN's chart was an ECG it would be on life support - so it's not a prospect in my book. However, as they say, every dog has it's day, and in the weekly chart the stock has made a Wyckoff pattern with the recent low looking like a spring. If it rises from its present price and then falls back a little to retest the lower boundary of the rectangle on the chart, Wyckoff says price should make higher highs and lows for a time - so you might be on a winner. Personally, I'm not too excited by energy stocks just now and with the stock in a downtrend for a decade with relatively low liquidity, from a charting perspective I can't see too many reasons to buy. However, good luck and I hope it kicks a goal for you.