PEN 2.38% 8.2¢ peninsula energy limited

2 dragon fly candles in a row, page-8

  1. 2,883 Posts.
    HS, is that the bull-flag I hinted at yesterday forming? I could see it coming from a mile away.

    Mjm said its more of a bull wedge pattern than a flag, but looking at the charts today it looks more like a flag.

    The pole was 5.5c so if the breakout occurs at 14.5c, then we add 14.5 x 5.5c which equals 20c :) I think my newbie TA skills here are right.

    Sounds good to me.
 
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