Charts....all up to ones own interpretation I feel.
Re descending triangle......If you had plotted it a few days earlier then the interpretation would of been completley differant......acknowledged..still going down... but at a greater rate of knots. If you had plotted it a week ago when there was an up trend......surprise surprise the triangles going up...so must be an ascending triangle now.
Whatever happened to fundamentals. Obviousley the people that bring out these weekly/monthly charts are traders with no interest in the 2 year future.
I am a real real novice when it comes to shares....and it porbably shows re what I have just stated....but thats how I see it.......and that folks is my 2 cents worth.
PEN Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
