PEN 1.05% 9.4¢ peninsula energy limited

penchant for the pen chart, page-111

  1. 2,863 Posts.
    Evening Michael

    I reckon PEN is caught in a short term pennant continuation pattern at the moment

    That is, a line of resistance meeting a line of support

    For this pattern to play out, I would expect the green line of support to hold for at least the end of day price. At best, price hopefully won't fall below the green line

    Any other constructive theories (neg or pos) are most welcome

    IMO, DYOR
    Regards

 
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