daytrade diaries... november 26, page-85

Independent PEN T/A...goes with saying I agree with them as does the chart and Chaleas latest chart information.

The fundamentals are going to be the main driver on PEN eventually though. Just too many positive aspects to mention now.

Initial target 6c if it breaks this and holds then 7c easily ST(according to both mine and Chaleas charts on the PEN thread)

source: Peninsula Minerals strengthens above Moving Average Price 50-day MAP outperforms 200-day MAP

"Peninsula Minerals strengthens above Moving AveragePrice 50-day MAP outperforms 200-day MAP
Peninsula Minerals, Australia's 132nd largest metals/mining company by market capitalisation, has strengthened above its trend. The 200-day moving average price (MAP) was 4.0c. The price to 200-day MAP ratio is 1.2, a bullish indicator. In the past 200 days this ratio has exceeded 1.2 149 times suggesting further upside. The 50-day MAP of 5.0c is higher than the 200-day MAP of 4.0c, another bullish indicator. The stock price gained 0.20c (or 4.4%) to close at 4.80c. Compared with the All Ordinaries index, which rose 32.8 points (or 0.7%) on the day, this was a relative price change of 3.6%.