Hi CEB2, will have a look at PEN soon but for the record there is a great chart on the thread post 6531068 from Pete (Haspete). It's playing out perfect and nothing has changed imo it will get to his suggested targets. My targets are similar.
As far as KAR goes, take a look at the thread "KAR charts", I know you are familiar with it :)) post 6453969.
It's funny, KAR is like our correlation with the US markets, we don't follow it up but when it heads down we are like sheep lol. I think KAR and the XAO have a similar relationship..
The weekly chart is below, lol I swear it's a money making machine this chart. Check the hits on the yellow (bottom support line). That line has been on the chart for over a year now, if you check the history KAR thread you will find the charts. There is also horizontal resistance at 7.26
Just to summarize where I think the sp may go. If it can get through the yellow resistance but must close above at the end of the week then I think it's a chance for the white horizontal. But I think the market in general is overbought. It may have some more to run but it will come off soon imo. If this happens then KAR will follow but can't see the price falling below $5.50
