PEN peninsula energy limited

short term chart, page-72

  1. 2,042 Posts.
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    Just thought I'd toss this in. This is computer generated based on Tech Analysis. Note that the short term expectation has turned to BULLISH. Mid term NEUTRAL.
    The last few weeks it has been BEARISH. Remember, this is a computer. Time analysed was 1611 today. Have a good weekend All. Don't give up on this stock.

    Price and moving averages

    Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.

    Bollinger Bands

    PEN.AX has closed below upper band by 33.4%. Bollinger Bands are 56.2% narrower than normal. The narrow width of the bands suggests low volatility as compared to PEN.AX's normal range. The bands have been in this narrow range for 19 bars. This is a sign that the market may be about to initiate a new trend.

    http://au.stoxline.com/q_au.php?symbol=pen&c=ax&Analysis=Analysis
 
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