Zub, Fibonacci was all about recurring patterns in nature and the real world. How it is applied to charts can be manipulated by the individual but in a pure sense PEN has had a tendancy to break and test the channels on a regular basis. The pattern in the chart is undeniable since the bottom in 2008. It has also proven profitable.
I use PnF charts more these days after getting into Wyckoff but always come back and refer to this PEN weekly chart.
10 reasons why pen's chart is..., page-43
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |