PEN 4.55% 11.5¢ peninsula energy limited

question on jorc, page-29

  1. 2,180 Posts.
    Diddier....i didnt make myself clear....so here goes for the chartists out there!!!!

    just looking at the charts. looks like Major support is at 4.5c (and i mean MAJOR)as it has touched this on the following dates

    29 october 4.5c and closed at 4.7c
    2 november 4.5c and closed at 4.8c
    19 november 4.5c and clsoed at 4.5c
    20 november 4.5c and closed at 4.5c
    23 november 4.5 and closed at 4.8c
    3 december low 4.5c closed 4.6c
    ...........as you can see 4.5c is very solid and is the MAJOR SUPPORT. iF 4.5C were to be broken then different story but i doubt it due to the amount of th=imes it has hit 4.5c
    Also worth mentioning is the bollinger bankds if others use this indicator...bollinger bankds are tightening and the upper and lower band are very close together. suggesting a breakout...interesting is that the lower bollinger is at a value around 4.5c so it is more likely to head up from here......time will tell but my point is that 4.5c is strong support...sorry if I confused you Diddier...im a bit tired this week cheers and have a good weekend MMM


 
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