PEN
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1.37% 7.4¢ peninsula energy limited

Yes, the retreat on Friday was to be expected and is consistent...

  1. tcharlie3
    67 Posts.
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    12/03/06
    18:20
    Post #: 1427383
    Yes, the retreat on Friday was to be expected and is consistent with previous behaviour.

    But this stock is very much in an uptrend. Support at 2.8 was tested a number of times and on each occasion PEN proved very resilient.

    It formed a mini rising wedge at 3c and quickly smashed through it last week - making new highs.

    PEN's retreat was more the result of a sleepy Friday afternoon and some profit taking and should re-test 3.7 this week.

    Just my opinion - pls do your own research.



    PEN Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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7.4¢ 		Change
0.001(1.37%) 		Mkt cap ! $235.8M
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2 55001 7.2¢
 

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Price($) Vol. No.
7.5¢ 330000 2
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