resistance, page-14

Didier, I agree, not much risk of price collapse and plenty of opportunity for upside. The low volumes suggest most big holders agree with us. Today's behaviour is, as HS says, typical PEN, in fact typical of other commodity stocks I hold that are solid but have periods of sideways direction indicating ongoing confidence. From my experience this is reflected by enthusiasm at the start of the day, then sold down slowly all day, only to bounce back at close, bought by those who are worried they will miss a trading halt after hours or announcement first thing next morning.

Nothing to worry about here.