dengo;824952 12th-May-2014 08:14 PM said:Appears to have been a short term bear flag break-out today
Measured move target = 2.1c
View attachment 57925
Currently testing 2.6c support line of the longer term rectangle
Bearish RSI center line cross suggests support will soon fail
If it does, target = 2.6 - (3.1 - 2.6) = 2.1c
View attachment 58211
OK dengo, I think you are wrong, my explanation as to why below
Update on my 90 degree angle chart with another chart showing accumulation in progress before markup. (For the benefit of HC members reading this post, that's a higher low) Just a matter of time before PEN breaks from this Ascending Channel
View attachment 58299
You sly dog dengoSo Karlos, PEN will hit 22c before 2.1c
gibidabaddawa..... gibbadabbiyawwa:bonk:22c will give PEN a market cap 2.3 x PDN's current $352,000,000!
........................... may I ask you to reflect again on the chart and give an "expert" opinion on how you see PEN, a darling of the desperate, going.
gg
Here is a chart showing irrelevance of PEN Market Crapitalisation to Share Price.
View attachment 58355
What's 15.5c - 90% Karlos?
1.55c
PS Hey look, here is a daily chart of Uranium Spot Price
View attachment 58356
Just saying fellas......just saying
I stated I was "Just saying"Spot hit $28.25 today Karlos, (below your support line)
Nah, don't care to be honest dengoDid you see this recent article?
dengo;825460 15th-May-2014 06:51 PM said:Pen's chart is revealing new patterns/targets at a rapid rate. Today we have a short term rectangle with a measured target of 1.9c
View attachment 57971
I could well nail this againMy projection for a sub 2 cent low is still on track.
El Capo (legend chartist) always said PEN must go sub 2 cents before heading upwards again.
1.9 cents ya reckon dengo, Im picking another round of applause is heading your way
yeah?.......wellAs for PEN, 1.7c in 2013 was the claim...
As for PEN, 1.7c in 2013 was the claim...
Just a matter of time before PEN breaks from this Ascending Channel
Did you see this recent article?
"...RBC Capital Markets Analysts said worldwide supply currently exceeds demand, and with excess inventories accumulated since Fukushima, is not expecting things to improve until at least 2021.
Uranium mining stocks, already battered in recent times, were sent lower on Thursday off the back of the report."[/URL]
Do tell.
gg
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