PEN has hit all time high today since it is born as a uranium explorer. Re-rating has started imo. The question is how high it will go and when we should take profits. On one hand, it breaks through the historical resistance with decent volumes hence it has the huge upside potential. On the other hand, PEN is overbought on the chart. The price cannot go straight line forever even if the fundamentals are getting better. Retracements will occur for sure along the re-rating course. The reason I raise this question is we do not how deep the due retracement will be. Maybe now it is the time that I should consider setting up stop loss to protect profits? Just my thoughts
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.5M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $343.9K | 3.411M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
82 | 9087780 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 3667814 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
81 | 9077780 | 0.100 |
6 | 567686 | 0.099 |
13 | 513440 | 0.098 |
8 | 1011092 | 0.097 |
12 | 2501006 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 3667814 | 22 |
0.110 | 3641360 | 36 |
0.115 | 4504422 | 29 |
0.120 | 6252885 | 55 |
0.125 | 2581067 | 23 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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PEN (ASX) Chart |