Here is a chart for PEN, being my first chart posted on HC.
I have implemented some stuff learnt from you guys so here goes.
-MACD cross over on the weekly has historically been bullish, wait for the MACD to turn (compliments of 10c) -Robbbbs speed arrows (is this what they are called?) (if the MACD turns and history repeats itself, expected target of approx 6.6c)
Needs the 4c support level to hold or else its in some serious trouble. Also, on the swings down there has been decreasing volume of late, which can be seen as a consolidation period.
if anyone has some pointers, it would be appreciated.
