PEN 4.55% 11.5¢ peninsula energy limited

10 reasons why pen's chart is..., page-51

  1. 561 Posts.
    5-year daily with fibs and channels.



    Break of 5.5c should see rapid price appreciation to around 7.4c. I expect roughly 9c when the pale pink upper meets the 50%Fib, around Mar2013.
    Currently enjoying supports of 41/195EMA close under 4c.

    6-month daily



    Nice swing up. In buy-zone between 38 and 61% Fibs (inverted with this program), with the 50%FibR at 4c yet to be breached. Should 4c be broken, I see a touch of 3.6 as the bottom of the bull flag, but most likely closing above those EMAs.

    I do not hold stock, but I am watching it.
 
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