"Not only does that chart ignore the basic rules of support."
Support @ 2.8. When it breaks the target is 1.8c. Basic TA...
"A distinct negative trait has become evident in your posts."
A distinct negative trend has become evident in the chart...
"Since the 17/5/2010 PEN has now rejected 2.8c on 3 occasions"
Five...
"the obvious strong support that has been coming in at current levels"
Well, are you referring to the props between 2.7c & 3.1c?
"PEN breaks current support then yes the next support level is 1.8c."
Next support is 2c...
"Fundamentally PEN has improved significantly since 2009"
But not technically...
"Not only does that chart ignore the basic rules of...
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