Last week I wrote PEN may have overshot to 14.5, along with a number of U stocks. So I was expecting some pullback. Last week we finished at 14.5, this week was 13 - a touch of 12 and 14.5 this week.
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I have a feeling PEN along with other U stocks may make a move this week. The rate of pace may come down, with a balance of some more down days - we were going up in a straight line which was not sustainable. Key would be to get above 14.5 as a start and short term target for me is 18c.
This week I did not add to my position, but did sell a portion on Monday and bought it back later. My average last week was 9.5, now it is 9.1. My major buy was at 8.8 when I mentioned that a month back but did buy at higher price a week back.
Here is the link to Weekly Report with figures for 28 ASX U stocks how they are performing for the current week. All the best.
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https://hotcopper.com.au/threads/age-weekly-report.6580138/page-3#post-70225294
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peninsula energy limited
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