PEN about to boom, page-69

Well the action since consolidation has been a pleasant surprise as I'd have guessed a soft retrace was the way it would go in the immediate short term but here we are testing the former 3cent price range. As I sort of hoped, the 'imminent' (we all love that word here at PEN) production is probably underpinning things for the time being and ensuring less people want to sell.

From a technical perspective is it just me or has PEN broken out of a pretty tight trading range? For a fair while we'd been stuck between 2.4 (96cents now) and 2.8 cents ($1.12 now) aside from a quick test over and beneath. I know the lowish volume isn't hugely convincing but for some months we had been range bound pretty much so it seems positive to be over the recent hurdles and no immense sell pressure post consolidation yet. Throw in that MACD and RSI look very positive and I'm hoping a proper break over the former 3cent price may indicate a further move north.

Fingers crossed for all holders.