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

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.