daytrade diaries... january 18, page-20

PEN > Definately one to put on the trade list. A new run has begun with PEN after the research report by Hartleys was released valuing PEN at 10c in 6 months, and also breaking out from a cup and handle formation giving a target of 6.4c. From my experience with this stock it reaches its target prices quite quickly and then settles for days or weeks until the next move starts. On friday PEN closed near the daily high, and with slow stochastic and MACD both rising I believe the 6.4c target will be reached quite soon, so I will be taking advantage and jumping onboard before the volume kicks in. Good luck to all Cheers