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PEN - Peninsula Energy

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hangseng said:
...suspended for your blatant attempt to post false negatives. Now you are up against (argueably) some of the best forum TA posters.
Click to expand...

No I wasn't.

Where are the opposing bullish charts?

Had you noticed the similarities in the chart to the 2007 crash?

How about the bearish rising wedge?

 
Chalea said:
No I wasn't.

Where are the opposing bullish charts?

Had you noticed the similarities in the chart to the 2007 crash?

How about the bearish rising wedge?

Click to expand...

To call that a rising wedge seems a bit stretched.

Looks like a breakout on the daily. Certainly not like a wedge


And the weekly too. Not enough bars to draw a wedge. Could be a channel. Who knows.


Difference with 07 is PEN has recently made a beautiful double bottom, with a strong rejection of the lows.

All the MACD shows is that its a terrible indicator to use with PEN.
 


Thanks. Thought I'd cut and paste this...



 
Oh here we go AGAIN. Chalea's found another place to post the doomsday charts that will once again be found to be complete and utter nonsense. What price are we headed for this time, minus 4.2 cents sounds good.
 
mickqld said:
What price are we headed for this time....
Click to expand...

If you recall my inaugural post on ASF, 6c was mentioned.

Subsequent analysis leads me to believe that if that support were to fail then a measured move would see a target @ around 3.5c

 
Chalea said:
If you recall my inaugural post on ASF, 6c was mentioned.

Subsequent analysis leads me to believe that if that support were to fail then a measured move would see a target @ around 3.5c

Click to expand...

Just looking at the chart I can see support or resistance at 0.01, 0.02, 0.03, 0.04, 0.05, 0.06, 0.07 and 0.08.

Please be more specific.

gg
 
Chalea said:
If you recall my inaugural post on ASF, 6c was mentioned.

Subsequent analysis leads me to believe that if that support were to fail then a measured move would see a target @ around 3.5c

Click to expand...

Measured relative to what?

Mind you 3.5 is certainly possible--- even lower
 
tech/a said:
Measured relative to what?

Mind you 3.5 is certainly possible--- even lower
Click to expand...

Measured relative to what?

Relative to the distance between current support & resistance

Target if 6.0 support fails =

6.0 - (8.5 - 6.0) = 3.5c (approximately)

 
Chalea said:
Measured relative to what?

Relative to the distance between current support & resistance

Target if 6.0 support fails =

6.0 - (8.5 - 6.0) = 3.5c (approximately)

Click to expand...

I fail to see support nor resistance in your illustration, nor volume for that matter.

gg
 
Chalea said:
Measured relative to what?

Relative to the distance between current support & resistance

Target if 6.0 support fails =

6.0 - (8.5 - 6.0) = 3.5c (approximately)
Click to expand...

imo it doesnt work like that for small caps.

I think you'll find more accurate targets with a log based y axis.
 
I see.

So we take any support and resistance and deduct or add the distance between the two to determine the next move.

WOW
Mind boggling.
 
Garpal Gumnut said:
I fail to see support nor resistance in your illustration, nor volume for that matter.

gg
Click to expand...

Volume was said to be high on the "breakout" last week, but if you refer to my inaugural chart you will see it was below average for the week.

Look for a spike in volume if 6.0 fails or, to be balanced, 8.5c

 
tech/a said:
I see.

So we take any support and resistance and deduct or add the distance between the two to determine the next move.

WOW
Mind boggling.
Click to expand...

KISS

Not just "any support and resistance", current support and resistance.
 
Chalea said:
KISS

Not just "any support and resistance", current support and resistance.
Click to expand...

So funny - TA in a low cap miner in a supercharged environment with all sorts of uncertainities and potential in the next 3 to 6 months. Then reading charts of past levels and volumes with such reverence.

Makes me feel good inside to be a fundamentalist, except on Sundays
 
Whats happen to the DFS!!!!

1) missed the May releast date
2) Had Malcolm James (Non Exec. Director) telling shareholders it would be releast in the first weeks in June.
3)HQ replyed to shareholders that it would be releast in first weeks in July.
4)Peninsula now expects the study to be completed and
results published shortly. "(Announed 17 June)"
5)Gus said it would be releast "imminent"
6)Then Gus said "soon" 10 to 15 days
7)Now waiting to have it signed off.(over a week now)

Now some are entertaining that it may be releast with the "permit to mine", If that so why all the bull chit above, its not like the permit to mine date had never changed.

There is big problems with the DFS or... Lie's this company can't be trusted.
 

PEN is hardly low cap when you consider it's three point two thousand million fully diluted shares...Nor is it a miner.

Regarding potential, I urge you to read THIS

Here is an extract -

"Attempting to reduce greenhouse-gas emissions through nuclear energy, thereby fueling the dangers of the ultimate global incendiary - nuclear war - could be the most tragic of all miscalculations."

Hartleys' 15.4c price target must make all FA investors feel good inside...
 
All I know now is that PEN is, very soon, about to announce argueably the most important anouncement apart from the Permit to Mine.

Charts or no charts, the DFS and decision to mine will come out. it is now 12 days since I was told PEN was planing to have the DFS out within 10 -15 days.

This may. or may not put a rocket up the sp. However I truly expect the announcement to be very positive and maybe even include something unexpected. Pure speculation on my part but the final permit review by the WDEQ may just provide some interesting reading.

Plenty of speculation about manipulation at the moment, however we can only speculate as to what is going on in the face of this most important announcement.

"A $15,000,000 share placement to USA based NuCore Energy at a Premium to
VWAP. The 10 day VWAP pricing period commences after the release of the Lance Project DFS.

The Placement is priced at a 50% premium to the 10 day volume weighted average price (VWAP) in the period immediately following publication of the Company’s Definitive Feasibility Study (DFS)

source: PEN announcement"

At the current price Nucore will pay 11.5c per PEN share....what will the final price actually be?


In the meantime the charts provide some light entertainment....as you were...
 
Just a reminder that I will continue to remove:

  • No/Low content posts
  • Off topic posts
  • Posts intended solely to provoke others
  • Posts that contain price targets will no substantiation/reasoning/analysis provided
  • Posts that contain personal attacks

Either post some relevant information, analysis or question or please refrain from posting in this thread.
 

Sorry Joe, it's just that this DFS was apparently promised in May and this "very soon" excuse is causing concern among many.

I have provided reasoning for the SP target that was deleted yet it is described as "light entertainment" with impunity.

Kudos to you and your site but the personal attacks posted don't engender harmony.

Regards
 
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