PEN 0.00% 8.9¢ peninsula energy limited

so many had and have it wrong, page-8

  1. 561 Posts.
    Hi HS, just making sure I'm seeing what you're seeing.

    1. Start of cup
    2. End of cup, start of handle
    3. Bottom of handle

    1. 30Sept (0.061) High
    2. 16Nov (0.067) High
    3. 24Nov (0.053) Low

    [Investopedia]
    "As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off."

    *IMO* 0.067 is too high in comparison to 0.061 for me to call it a C&H. This being said I haven't had much real market experience charting C&H's. I have charted what I thought were C&H's, only for them to fall through.

    You might be right, I just measured depth, and projected from 0.067 which gives a target of 0.105.

    What we definitely can agree on is that this thing is going up.
 
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