PEN 2.17% 11.3¢ peninsula energy limited

Coming to the pointy end of things. got a bit scary today but...

  1. 1,197 Posts.
    Coming to the pointy end of things. got a bit scary today but 2.3c held. I note that the MACD is starting to turn, we saw this 2 weeks ago when we last had a crack at getting past the downtrend line, this is the last crack at it really, my theory that we were brought back to 2.3c to find demand and momentum enough to break this mark is still holding true for the moment and at this point we only need to break, test and stay clear above 2.6 to start making hay, or at least be happy we are in a new TA era. Certainly supply has been thin at 2.3 just need demand to pop up in the next couple of days and we good. It is not yet a buy unless you are aggressive, volume on the demand side is the key here then its all aboard, pictures of rockets and youtube links to kids doing the Gangnam style dance.


 
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11.3¢
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Last trade - 10.25am 16/07/2024 (20 minute delay) ?
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