Evening all.
Just looking at the TA on PEN.
Daily chart shows the MACD giving a bullish cross.
The bollinger bands have tightened with the sideways action of the last 4 weeks and i expect a break upwards from here.
The dotted blue line at 6c is the 50% retracement from its high 11/4/07 and its oct 08 lows.
The 61.8% is at 7.2c and I am thinking if it can lift from here and get over the immediate 4.9c resistance, it should cruise through the 6c level and test 7.2c.
I have just bought in on friday, so please do your research.
As an aside the stream of good news is impressive for pen.
Cheers
Commy
chart for interested
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.735M | 32.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 6110118 | 73 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |