PEN 7.69% 8.4¢ peninsula energy limited

chart, page-8

  1. 1,032 Posts.
    yeh 3.1 no good, best outcome is just range bound with a position on the break, or retest of the break.

    i thought the daily was more of a ascending triangle, and the weekly looked more like a flag with support at .033, 2 different time frames and 2 different patterns to work with.

    the daily broke down at .034 and the weekly flag brakes down at .033, but we have a chance to pop back above .033 as the week is not over and there is the gap to fill and a triangle to test on the daily...

    but in saying all this same of the best moves ive seen come from a false break before the real move, so any move above res at .038 its a buy
 
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