PEN 2.02% 9.7¢ peninsula energy limited

charts 2011

  1. 561 Posts.
    Hope everyone had a great break.

    Monthly



    -Continued the zoom through middle black tyne
    -Broken through top red tyne
    -Looks like going right to the top black tyne
    -Stoch got heaps of room left in it
    -MACD great

    Weekly



    -Strong move away from red channel on volume
    -Stoch up
    -MACD up

    Very interesting week ahead

    Daily



    Revised my TA theory and cleaned up the daily, had too much going on and was getting difficult to read and project.

    -Through the blue, still contained in purple
    -Stoch back up
    -MACD crossed back up

    Watch for
    *Back test of blue tyne at 0.082, with rebound
    *or strong morning up to 0.092 with retreat to 0.087 (then possibly 0.082)
    *or move through 0.092 and towards/into the 0.10x's

    Like all others here I'm hoping for scenario 3. Massive volume day and a great candle gapped up. IMO it will be in the >0.10's within 2 months (possibly within the week), using longer term charts.

    Nice way to start the year if I do say so myself.
 
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