PEN may go lower and needs to find support- psychologically it has failed 5c twice in short period which may become short term resistance
Price line now well below 30 and 60 DMA and has been in downtrend since mid -late February 2012
T/A doesn't look good and will need fundamentals to be a driver going forward otherwise I've got the heads testing mid 4's which I've got as next support level- below that the major support is around 4c (sorry I'm not that accurate as i don't have my trading systems anymore)
At the beginning of february it bounced off 5c as some may recall and now we closed under 5 so 5c is why i pick strong resistance if it fails to break it today.
MMM
clear downtrend
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |