chart mma's pen gc looming, page-4

Absolutely right Simon, fundamentals drive charts not the other way around. But I have always advocated there is a place for both and one without the other is a mistake.

I just like charts as a strength indicator, and I am more and more using as a weakness indicator. EMA's are a great early indicator of rises and falls but very late indicator for Tsunamis and black swan type events, useless for the latter in fact.

Be sure if a GC does show up as per previous occasions, buyers will be all over PEN, en mass IMO.

All I have displayed is early indicators using EMA's not SMA's of which are later indicators. Not always right but a bit of fun trying.