PEN 8.70% 10.5¢ peninsula energy limited

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  1. 13,363 Posts.
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    Apologies for the delay Hans...not watching much today.

    Make of this as you will, I see a very busy BOT and a big (maybe final) shakeout in progress and a vastly tightened range.

    IMO it is about to pop, however 3.5c must hold to confirm support. I suspect 1 share man may oblige as usual to provide a false closing indicator on the charts again lol.

    If the chart plays out a test of 4.3c is on the cards, a break of that and not much in the way to 5c. If not and it breaks down maybe a test of support again at 3.1/3.2.

    I believe the best chart could be derived by manually placing in the closing price PRIOR to the CSPA. Selling down by one share does provide a false EOD chart, is that his/her purpose? Whatever it is it clearly isn't/and shouldn't be fooling the observant ones. Clever trader or a time wasting dill...take your pick.

    If ASIC and the ASX had any cods they would investigate the CSPA of the last few months. An easy task for them as they have the sales data. But no need to fret over this as it will never happen.

    Chart up to 2:56pm Syd time:
 
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