Short position of this stock is only 2,5% so almost no one is betting on downside (Paladin and Boss are ~20% shorted). Big players have access to deep and complex information about market structure and direction. Next, artificial intelligence algorithms (robo market) are just playing with this, being focused on making as much money as they can.
Also confluence between U market stocks. Yellow is PEN, red is Paladin, Boss Energy is violet. They are rising and falling at the same time, but with different magnitude.
PEN Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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