akq here's the chartPENdailyA nice big break out. The distance...

  1. 2,810 Posts.
    akq here's the chart

    PEN

    daily

    A nice big break out. The distance of price from red is my stochastic.
    Currently looks over bought with strong support. All lines pointing up.
    Great if you bought it as it broke out.



    weekly

    Price has entered the cloud and hit the top. Red and blue were there to help
    price enter cloud. Some consolidation using the red and blue as support
    and a bull break out is possible.

    This is a good example of how a break out on one t/f is a break in on
    another t/f.


 
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