HS 6 cents is a very realistic short term target. I would like to go a step further though and make an early call that PEN is at the start of the next leg up and that, while PEN may hesitate at 6 cents to catch a short breath, it is actually headed for 8.5 cents.
My good friend Fibonacci has made this prediction for me and he must have a powerful crystal ball or something because he is always on the money.... ;) I have topped up and am ready. The next few weeks may well be very exciting time for PEN.
PEN Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
