Reichman - dude, your trying to read far too much into my comments...i havent flipped back and forth so be careful what you may be trying to state. My disclosure points out I hold and have a L/T view on PEN Let me clarify:
The shareprice opened higher AT 3.9c which is bullish but is currently stalling. In general terms if a stock closes on its intraday high then it can be a very bullish indicator . Albeit no guarantees
In this instance it hasnt really continued on from yesterdays flurry so im calling it based on what I currently see. I waited for confirmation of a higher move today but it hasnt happened .I have no agenda but only what I see. Based on charting and trading it could retest 3.7c which should be the new support. If this is to be true then in theory it should bounce off support. If it closes higher then even better Cheers MMM
PEN Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held
