- Joined
- 10 February 2006
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- 153
Of course! That one MA crossed another had no influence on the SP. That the SP had an effect on your squiggly lines - that i accept.
Hello $20shoes
There is no problem with this analysis because there was no analysis, purely a statement of fact!
Do you remember our previous interaction? It included some basic analysis. Note the date -
Of course! That one MA crossed another had no influence on the SP. That the SP had an effect on your squiggly lines - that i accept.
Downtrend?Nothing is happening here other than lack of demand.
Agreed, price is still falling though...Sellers ARENT rushing to sell in droves because this or that indicator shows this has happened.
YOU DID! - Fukushima - see chart below...If that WAS SO youd see a discernible rise in volume following an event---simply--YOU DONT
Not likely...See you back here when it shows signs of pulling up.
Or a repeat of 07/08...zzzzzzzzThat will be high volume exhaustion I suspect.
OR a longer drawn out period of nothing.
Agreed. Do you believe PEN management should answer questions re the 'DFS in Jan 11' statement?For a really boring DOG it gets a lot of bandwidth!
Zoom in for a clearer view of the long term trend line's current support level @ 5.1c
View attachment 44392
:error::error::error:
The long term trend line support was in fact @ 5.15c:whip
Which means the uptrend has ended...:emp:
Click chart...
View attachment 44425
:iagree:
Chalea;656487 4th-September-2011 05:46 PM said:The hourly chart shows PEN's current neutral rectangle pattern, (5.4c support, 5.8c resistance).
See chart for the two measured targets.
Given the confirming, (first time in ten days), bearish crosses and Bollinger band squeeze, I would be inclined to say the neutral pattern is about to end with a bearish break out.
View attachment 44355
Chalea;648657 29th-July-2011 05:08 PM said:If the MACD falls through it's signal line on Monday the SP will be walloped
View attachment 44405
The long term trend line support was in fact @ 5.15c:whip
Which means the uptrend has ended...:emp:
Click chart...
View attachment 44425
:iagree:
Downtrend?
Chalea.....Any T/A views by yourself would be much applauded by me.
I note I depicted a break in downtrend of the lower highs in Spot Price of U308 a little while ago. Yourself displayed a downtrendline projecting rather highly above lower highs with plenty of air underneath on chart. An update of your vision of this chart would be pleasantly appreciated.
I have recently looked back to view some projections on this forum of PEN moving forward earlier in the year which failed to achieve higher highs.....Now that it appears(IMO) we are in capitulation mode, it is only so right for your views to be taken with due praise as to why you may feel lower lows are upon us.
I have just viewed "AussieBulls.Com"
They have a "Buy Confirmed" recommendation on PEN.
PS Very commendable to yourself Chalea on replies to everyone on this forum and your commitment to regular updates on the status of PEN. I note you have stated you shall leave when the downtrend has broken...... Why?....If you feel your presence here is to keep folk honest solely for the sake of it, then why not stay and comment (in your opinion) on an uptrend till it is showing signs of being broken?
...Guess it really depends on chart display
Chalea.....Any T/A views by yourself would be much applauded by me.
hangseng;648018 26th-July-2011 12:42 PM said: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.
"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...
hangseng;648018 26th-July-2011 12:42 PM said: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.
"A 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?
Always pays to check the big picture... Downtrend @ $66
View attachment 44506
Were you aware of the Sovereign risk associated with PEN's South African Karoo project?
"A SENIOR South African government adviser says investor worries about nationalisation of the mining industry are justified.
Sandile Noxgina, a former director-general of mines and now adviser to Mines Minister Susan Shabangu, said it would take almost a year for the African National Congress government to decide on nationalisation.
Some have played down talk of nationalisation, which is supported by the hardline ANC Youth League, but Mr Noxgina disagrees.
The concern "is justified", he said yesterday at the Africa Downunder mining conference in Perth."
Link
"Malema has no direct policy-making power but is one of the ANC's most popular politicians and has won admiration among millions of poor South Africans and alarmed investors with his calls to nationalise the mines.
Some in South Africa fear nationalisation could bankrupt the country and destroy its credibility among investors. But the idea resonates with the country's poor black majority who see it as a way to spread the wealth from a sector that grew powerful along with white-minority apartheid rule"
Link
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