PEN 1.03% 9.8¢ peninsula energy limited

Yeah maybe. But it was predicted to hit 4.3c before the next leg...

  1. 12,712 Posts.
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    Yeah maybe. But it was predicted to hit 4.3c before the next leg up - didn't happen. Then it was predicted to hit 4.7c - did not happen.

    Stocks are driven by fundamentals not charts, that showed the past. On Wednesday afternoon the charts did not point to a rise to 6c, the fundamentals ( news ) caused the market to act. Today some were selling as buyers did not want to push it higher. The fear to get into a sell-down / profit taking was higher than the fear to miss out. If the weekend news don't create another "world goes down panic" then why should people sell ? Because CC and his charts said so ? Yesterdays grades were exceptional high and with no further disaster the sp will rise, independend what charts suggest. Put an order in at 5.3c and if it gets that low, congrats to you and me as I will buy too. But don't be "disappointed" if it hits 6.3 instead of 5.3c.


 
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