Yes, the retreat on Friday was to be expected and is consistent with previous behaviour.
But this stock is very much in an uptrend. Support at 2.8 was tested a number of times and on each occasion PEN proved very resilient.
It formed a mini rising wedge at 3c and quickly smashed through it last week - making new highs.
PEN's retreat was more the result of a sleepy Friday afternoon and some profit taking and should re-test 3.7 this week.
Just my opinion - pls do your own research.
pen... going up!!!, page-2
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Last
8.6¢ |
Change
-0.003(3.37%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 8.8¢ | 8.4¢ | $915.6K | 10.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 638204 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 1009121 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |