weekend charting beginning 01apr, page-114

  1. 10,142 Posts.
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    hi mitta3

    nice PEN chart.

    a few questions:

    1. PEN had 3 low volume test bars followed by a high volume up bar on friday. given the massive drop PEn had and rise again on huge volume, is this low volume test phase over? or would you expect some more low volume tst days?

    2. you pointed out the gap closed around the 12 cent area. PEN still has a gap at 8.4 cents (the bar before your "no 2 bar". so if there was more low volume test bars, these test bars could be done as low at 8.4 to close the gap?

    thanks mate
 
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