PEN 0.00% 10.0¢ peninsula energy limited

hey mjmoneybags.as long as the share price is sitting above the...

  1. 10,142 Posts.
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    hey mjmoneybags.

    as long as the share price is sitting above the middle tyne on your chart all is good....

    i read the herald sun today (not something i do often enough). in the finance section i read the "day trader" column.

    this guy mentioned a little on support and resistances, and said that share prices can approach a resistance, pull back and then break through. OR... share prices can break straight through a resistance ares and then come back to test the support on it.

    will PEN broke through 6 cents and passed it and hit 6.7 cents. today PEN tested 6 cents and finished at 6.1.

    so far it looks like the support is holding at 6 cents.

    will have to see what tomorrow and friday bring :)
 
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