Evening Michael
I reckon PEN is caught in a short term pennant continuation pattern at the moment
That is, a line of resistance meeting a line of support
For this pattern to play out, I would expect the green line of support to hold for at least the end of day price. At best, price hopefully won't fall below the green line
Any other constructive theories (neg or pos) are most welcome
IMO, DYOR
Regards
penchant for the pen chart, page-111
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $342.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $450.2K | 4.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 3641091 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 3682988 | 27 |
View Market Depth
| Last trade - 11.55am 18/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |