PEN 0.00% 8.7¢ peninsula energy limited

dead cat bounce, page-3

  1. 116 Posts.
    i see... yeah I'm not that clued up on the TA side of things.

    What's your take on it Jasonjay? Do you see profits being taken tomorrow or the SP continuing up?

    I guess it's hard to tell today whether this was a lot of long term holders buying back in after selling out or whether it was traders pushing the price up.

    With no sell off at close perhaps it was long term buyers taking a position again?

    Reason I'm asking these questions is that I plan to take a position again though I'm trying to pick my entry point.

    I already got burnt yesterday by selling the last third of my holdings at 6.1 so I don't want to stuff this up!
 
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