PEN:Channel/repeating range played out to perfection for recent...

PEN:



Channel/repeating range played out to perfection for recent high.

Rise was pretty parabolic (re-rating??? maybe... but cant knock TA).

Stochs seem to be in a solid channel as well.. Could bounce of channel midpoint.. if not look for entry on lower channel bounce. If you have used stochs on this one you would have done very very well.

When the stock has reached highs repeating down range arrow has been very accurate at providing entry point. This places next stop at the first fib level (fibs at all time highs and lows).

Goes against HS's mentality (sorry mate i know your a perma-bull on this one and have done very very well. Also HS i like how you used the parabolic sar on your recent chart..very interesting.

Anyway... if one were to use a fib extension (i hope properly ;)) Target at approximately 22c, which would be outside the channel i have provided.. and this aligns with the larger blue arrow range..

So PEN'ers 22c. next stop after consolidation?