2 dragon fly candles in a row, page-6

Thanks for the chart and TA views MJ.

I don't have access to a PC at the moment but I see a very mice bullish flag has formed. If this is confirmed the flag pole will be a significant one.

Good luck to you if you get 12.5 MJ, I just can't see it happening with the support that keeps coming in at 13 each time. 12.5 now tested 4 times and failed to break that support level, to me a very strong bull support signal.

This consolidation has done PEN a lot of good and I can see the fundamentals and TA are lining up beautifully. We could very well see PEN breaking the resistance at 15.5 sooner rather than later IMO and the likelihood of hitting those higher Fib extension levels in my previus chart looking better and better.

If PEN had no anns coming MJ I would say your 12.5 may happen. However that isn't the case, completely the opposite in fact, and why I don't believe you will.

To see PEN sitting above 17 and hitting the 20's would be a joyous time to state the least.