PEN - Peninsula Energy

[dengo]

Broken support line tested from beneath & rejected on the weekly chart last week
Bearish MACD signal line cross and center line cross appear imminent...

 

[Karlos68]

Opps...Couple JBs tonight

does anybody know why PEN commentary has been canned on the other Blogg?

Jewels, Joe Blow our Moderator has been specific recently that no comment is to be made regarding other forums.

I understand completely as a standard must be adhered to otherwise we may fall from grace into a forum of disrepute.


PS dengo.....Cheers for the update

 

[Jewels]

Appreciate you getting back to me Karlos68. Thanks

 

[didier85]

gap at 3.5c about to be filled maybe... however this is really underperforming the market

all comes down to the Uranium price I guess

 

[Karlos68]

Love PEN. Full of repetitive movements.
Have picked up a pattern beginning 2008/2009. Approx 9 month divisions showing significant lows. Even divided to 4.5 month spaces shows lows.
As Fib Fan broadens, time increases to reach high and low trendlines.
With combination of broadening fan and 9 month divisions....My forward prediction is a dip in Feb 2013 and final low for this cycle in June/July 2013.

View attachment 50163

Hi didlier85....Will get worse than 3.5 cents buddy.

Lets rock back to start of Oct 2012, was a dip mate.......4 and a half months on is about now:casanova:........My prediction is the dip is occuring as we speak......


Praise The Lord

 

[Garpal Gumnut]

There are many who mock PEN.

I am an optimist and have put my reputation, such as it is, on the line in this month's stock picking competition on a win picking PEN.

38. Garpal Gumnut PEN 0.039 -0.003 -7.69%

I now lie 38th in a field of 50.

PEN observers such as I are not influenced by better returns on other ASX stocks as the XAO powers through 5000.

I did predict in posts above that PEN may retreat to the low 0.03's before it comes good.

I still hold to that hopeful expectation.

gg

 

[colossus]

GG,

You may still be on the money if the chartists thoughts and analysis are worth a grain of salt.
There has long been talk about the gap from December at 3.5c that needed to be closed.
Now if charts, chartists and gaps are to have any sort of reliability, once 3.5c gets hit the gap will be closed and we should be away - will the chartists who profess to know all be right? We may well know by the end of today.

 

[followme]

it was a toss up between buying pen or Blr last week. thank god i chose BLR.
My chart shows some support at 2.8c for Pen and will be worth a punt then. I canty figure why this one keeps sliding..

 

[Country Lad]

My chart shows some support at 2.8c for Pen and will be worth a punt then. I can't figure why this one keeps sliding..

If you listen carefully, the sound of it barking may give you a clue.

 

[Garpal Gumnut]

GG,

You may still be on the money if the chartists thoughts and analysis are worth a grain of salt.
There has long been talk about the gap from December at 3.5c that needed to be closed.
Now if charts, chartists and gaps are to have any sort of reliability, once 3.5c gets hit the gap will be closed and we should be away - will the chartists who profess to know all be right? We may well know by the end of today.

Wise words, colossus, PEN gained some today.

Looking at the weekly it still has buyers and sellers, and a support at a 0 number or a number ending in 5 seems to be the pattern of this stock, long term.

Who knows where it will go?

A weekly over 1 year.

It would not surprise me to see it go up, nor down, there is no direction at present.

Willing sellers and willing buyers are there though.

gg

 

[dengo]

Short term Hourly chart shows a Bollinger band squeeze meaning volatility is imminent
Price has been ranging between 3.7 - 3.9c recently in a rectangle continuation pattern
Slow Stochastic is currently overbought
Measured move target is 3.5c but could hit 3.4c if the move into the pattern is repeated

View attachment 50822

She hit the 3.4c target today - bit later than expected but for the "50.1Mlb Maiden JORC" announcement...zzzzzzzz...
Post Fukushima comparison chart FYI

 

[followme]

beat me to it. An intraday low of 3.4c shows where this one is heading with lower lows..

 

[dengo]

all comes down to the Uranium price I guess

"Uranium Returns To Weakness...

...The soft prices came as little surprise to commodities analysts at Commonwealth Bank ((CBA)), who suggest there is still too much supply in the uranium market. The bank has moved to lower its uranium price forecast by 9% in FY13, by 12% in FY14 and by 2% for FY15"

http://au.ibtimes.com/articles/436564/20130219/uranium-returns-to-weakness.htm#.USMEbmcRyJs

 

[colossus]

if the CBA says it's going to be weak, that's a signal to get in.

 

[Garpal Gumnut]

if the CBA says it's going to be weak, that's a signal to get in.

Good advice colossus.

I am only 10.46% down on PEN in the Competition and am 36th out of 50.

I do believe I was lower.

Is PEN climbing?

gg

 

[hangseng]

Good advice colossus.

I am only 10.46% down on PEN in the Competition and am 36th out of 50.

I do believe I was lower.

Is PEN climbing?

gg

3.5c and unfortunately falling...depending on individual point of view. I said It would fall if the BOT continued and has done. IMO until it stops the fall will continue but one last fantastic opportunity will arise if it does.

Picking for March as well gg? A test of faith ;-)

 

[flashman1207]

What are the next milestones and dates. Anyone know? Seems very quiet on the HQ front....

 

[mickqld]

She hit the 3.4c target today - bit later than expected but for the "50.1Mlb Maiden JORC" announcement...zzzzzzzz...
Post Fukushima comparison chart FYI

View attachment 51010

That's an awesome looking cup and handle on the BLR comparison chart.

 

[yuro]

What are the next milestones and dates. Anyone know? Seems very quiet on the HQ front....

Hi flashman1207, HQ are very busy!
Some milestones for you.
Final safety evaluation report---Feb 28th, 2013.
Draft supplemental environmental impact statement---March 29th, 2013.
Final SEIS---Due to be issued on November 4th, 2013.

 

[flashman1207]

Hi flashman1207, HQ are very busy!
Some milestones for you.
Final safety evaluation report---Feb 28th, 2013.
Draft supplemental environmental impact statement---March 29th, 2013.
Final SEIS---Due to be issued on November 4th, 2013.

Has construction started yet?