I stand corrrected technically Tibbsy.
I had a quick glance and was simply focussing on a visualisation based on open closing prices. The reason I called for Chalea is to see if it was or wasn't, as I don't have todays chart and I didn't do my homework before I posted, as a good learner chartist like myself should.
My quick glance at yesterdays IC chart I saw the red bearish star at close. Albeit higher than the previous days close it was bearish on its own signalling a closing lower than it opened with a long wick, despite the high of 4c. Last night I though PEN may take a step back today when I saw that candle.
My quick vision was that of a solid green candle overshadowing yesterdays, thus my (incorrect) description. Technically you are right in that todays is not a true bullish engulfing candle and I will eat humble pie.
As you also rightly point out it is a positive sign and a bullish continuation pattern.
My sincere apologies to the masses for my little over enthusiastic header :)
Now back to the chart...bring it on Chalea, I like very much what I am seeing now.
Thankyou Tibbsy, always a pleasure.
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Last
8.2¢ |
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-0.002(2.38%) |
Mkt cap ! $261.3M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 196137 | 8.1¢ |
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Price($) | Vol. | No. |
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8.2¢ | 277765 | 2 |
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No. | Vol. | Price($) |
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7 | 196137 | 0.081 |
16 | 2836317 | 0.080 |
6 | 136115 | 0.079 |
9 | 290552 | 0.078 |
3 | 144140 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 277765 | 2 |
0.083 | 645943 | 11 |
0.084 | 265093 | 7 |
0.085 | 459754 | 6 |
0.086 | 733448 | 7 |
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