PEN 1.14% 8.7¢ peninsula energy limited

looking good!!strong buy, page-19

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    Around the 40c mark is the bottom of the long term channel that Karlos pointed out. It will bounce off that and if history is any guide there should be a quick bounce to around 55c before a more gradual decline again and another bounce to the top of the channel. There may be another such cycle (?) before it reaches the channel convergence point and a breakout from that. Will the U price and sentiment have bounced by then to ensure a breakout to the upside?
 
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