El capo nailed 7.5 cent high......I used (which I believe to be) his method and spoke a week before the recent high I felt mid 5s would be it. Its clear in my second Fib chart (ignore drunken yada yada yada). The high for the recent rally is in. Also RSI trendline is broken....happened many a time before...roll on 2 cents.
You have a good record of achievement Pewal. Rattles myself you feel it will be onwards and upwards. Should it break 5.5 cents then I would feel 10 year Fib chart is broken.
I was proposing asking yourself why it should be so different this time Pewal. Past history has shown Fibonacci works with PEN. Is there something different in trading patterns? I expect the 10 year Fib Fan to break at some stage, are you proposing we are at this point?
El capo nailed 7.5 cent high......I used (which I believe to be)...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |