weekly suggests further upside, page-11

Nothing dramatic here. Basically did what I expected and wanted it to do - a small day to end the red week. Expecting big things next week or 2.

Weekly


-Respected middle tyne support of pitchfork
-MACD ok
-Stoch ok

I'm bullish for as long as it stays above that middle tyne.

Daily


-MACD crossed into red
-Stoch broken below uptrend

*However, the next couple charts will show why I am not worried about it (in addition to a good weekly).


A small adjustment of the stochastic trend (which actually seems to fit better) shows we have not yet breached or even reached support.


Can see that MACD has crossed into red before, and then continued upwards. Case in point 27Dec06.

Will see what the US does tonight, but I think next week should be a good week for PEN.

Bonus question: If we got to 10c next week, how many would actually sell (either selling a top and looking to reenter, or selling out for good)? Assuming no news is released.