PEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
PEN forming up well here. Expecting a push soon, target marked on chart
-Macro Inverse head and Shoulders -Consolidating on the daily TF -Uranium Spot above $40 -Sport buying Physical
PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
Chart on a left is OTC ticker PENMF and chart on a right is PEN.ASX trading on Australian exchange. In my opinion OTC US exchange looks a lot stronger with potential Golden Cross. OTC Ichimoku CLoud is uptrend angle and ASX does not. Both charts RSI and Stoch in an uptrend direction. RSI is coming down from an overbought area to 70 level. Since we are in Uranium...
We broke the middle of the longterm downtrend channel with volume in December BUT left a gap at 0.090, so be careful of that. Besides the gap, we bounced perfectly on the 66 Fib retracement. Once we break the upper channel line of the downtrend and claim the upper line of the current channel, its fly time for Peninsula
Watchlist Shorter term EMA's (20/50) up Price touched recent resistance level 200EMA = 8.8c (1/12/20) Watch 8.8c level for potential breakout
Uranium miners breaking out on Lower time frames. PDN trget in red zone displayed on the chart.. lets go...
Pen breakout on lower time frame.. Macro chart has big positive divergence. This could over perform. Target zone in red.. trade on ..
Pattern: Triangle on 1D. Signal: Buy if the Triangle breaks upwards or if the price touches the 1D MA200. Target: 3.6200 (+8.50% from the recent low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Here we can see the 5th wave targets for this large sequence. From a birds eye view we have the potential to extend as high as 3.67 over the next few quarters. Recommend buying support here at current prices with targets at 3.49 up to 3.67. Best of luck
EUR/PEN 1D CHART SE PREVEE UNA BAJA COMO SE INDICA CON LAS FLECHAS EN EL TRANSCURSO DE TODO EL SIGUIENTE MES.
PEN The power of Divergence, PEN had a nice pull back after the initial run up. Forming that positive divergence it may be about to make another run up. CEO buying shares recently, Uranium spot going good. If we break that .340 overhead resistance its game on IMO.