Technical stuff should be used as a guide only.
Even a monkey could/should be able to tell that this stock is being driven by fundamentals:
1. Karoo drilling
2. Off take agreements
3. BFS completion
4. NRC permitting news
5. Lance/Ross resource upgrades
6. Acquisition activity
7. Reaching a threshold 'size' where instos get aboard
8. More PR from major events eg Indaba
PEN may well be sky high from an RSI perspective or from whatever other indicator....
If you sold PEN based on your charts I feel very sorry for you.
Only the ignorant or the naive try to 'trade' plays like PEN.
my first ten bagger.., page-16
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Last
7.8¢ |
Change
-0.002(2.50%) |
Mkt cap ! $248.5M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.1¢ | 7.7¢ | $1.160M | 14.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 291860 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 240000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| PEN (ASX) Chart |