PEN 0.00% 11.0¢ peninsula energy limited

Hey guys, thought I'd have a look at a chart I drew shortly...

  1. 561 Posts.
    Hey guys, thought I'd have a look at a chart I drew shortly after the quake to see how it has progressed.

    D


    Got a lower high, and just dropped below the last swing bottom. Stoch still falling. My guess would be getting sucked into that cluster of support around 7.6c 19th April. Pretty crucial that it holds ther (which I think it will). Alternatively could find support at 8c, psych number and 61.8%FibR of last move up, as well as 23.6%FibR of the big move down.

    Disclosure: Staying out of U stocks for a while.
 
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