PEN 2.17% 11.8¢ peninsula energy limited

PEN looks to be breaking out of a 5.5-month Ascending Triangle...

  1. YLJ
    819 Posts.
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    PEN looks to be breaking out of a 5.5-month Ascending Triangle bottom.
    High volume for so early in the day.
    Measured target is circa 0.095
    I am long here with a stop at 0.070, though I will consider cutting it if it looks
    to close the week under the upper boundary of the pattern
    GLTA
 
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