"Not only does that chart ignore the basic rules of support."
Support @ 2.8. When it breaks the target is 1.8c. Basic TA...
"A distinct negative trait has become evident in your posts."
A distinct negative trend has become evident in the chart...
"Since the 17/5/2010 PEN has now rejected 2.8c on 3 occasions"
Five...
"the obvious strong support that has been coming in at current levels"
Well, are you referring to the props between 2.7c & 3.1c?
"PEN breaks current support then yes the next support level is 1.8c."
Next support is 2c...
"Fundamentally PEN has improved significantly since 2009"
But not technically...
long term chart, page-266
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $1.445M | 13.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 918733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 6247028 | 46 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |