MACD-signal is 0.0027 - 0.0027 = 0. As close as possible to a crossover without being a crossover.
Plodding along in a decent uptrend. Since breaking 0.059 it hasn't encountered much horizontal resistance. 0.067 will be a test.
IMO it could go 2 ways:
1. No news is released, shareprice meanders up to 0.067, encounters sellers, and heads back to trendline support.
2. News is released (or rumours are circulating), volume picks up and buyers demolish the 0.067 line, the 0.068 green fork, and head into the low 0.07's.
Another possibility is #1, followed by #2. Such a great play at the moment, countless uptrend support lines, MACD cross... all we need is the volume, and if Gus is telling the truth (no reason to believe otherwise) we should get our news.
PEN Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
