PEN - Peninsula Energy

[tech/a]

Oops, just noted chart cuts off at August.



Corrected chart showing to current
View attachment 55487

I see

So it worked well from AUGUST.

In your vast experience then---when would be a time to take a long trade to take advantage of this "Divergence"

AUGUST?
NOW?
NEXT YEAR?
NEVER?

Why are you using a Money Flow Oscillator to trade off of divergence?
Can you explain the benefits from say a stochastic or perhaps an RSI or Williams %R?

 

[Garpal Gumnut]

I can only describe the chart of PEN this calendar year as being woeful.

Absolutely no interest from buyers, low volume, a trickling price downwards reminding me of of a prostate stock.

gg

 

[Karlos68]

In your vast experience then---when would be a time to take a long trade to take advantage of this "Divergence"

Previous few months.

Why are you using a Money Flow Oscillator to trade off of divergence?

Was sitting back having a few to many bourbons, glanced, printed and shared it with the forum. It simply supports my view.

Can you explain the benefits from say a stochastic or perhaps an RSI or Williams %R?

Nah, cant be bothered doing research, been off the liquor for a few weeks now, felt better get my butt into action as the new long term uptrend is upon us and I wanted to be the first to inform the masses:bananasmi



Been having a glance at chart back to 2000. Noted 90 degree angles so had a play and came up with this


Decided to have a closer look, also played with the Williams%R (shows my chart from late 2012 projecting mid year low in 2013 was not bad)

Did a quick Google search and found my efforts are not new, Gann states thou that 90 Degree angles are strongest.



Decided to have a glance at Descending Wedges using quarterly candles with OBV

Note the last candle in all 4 wedges are red, thereafter is green
On the cusp of a new long term uptrend fellas:guitar:

 

[mickqld]

Previous few months.


Was sitting back having a few to many bourbons, glanced, printed and shared it with the forum. It simply supports my view.

Nah, cant be bothered doing research, been off the liquor for a few weeks now, felt better get my butt into action as the new long term uptrend is upon us and I wanted to be the first to inform the masses:bananasmi



Been having a glance at chart back to 2000. Noted 90 degree angles so had a play and came up with this
View attachment 56646

Decided to have a closer look, also played with the Williams%R (shows my chart from late 2012 projecting mid year low in 2013 was not bad)
View attachment 56647
Did a quick Google search and found my efforts are not new, Gann states thou that 90 Degree angles are strongest.



Decided to have a glance at Descending Wedges using quarterly candles with OBV
View attachment 56648
Note the last candle in all 4 wedges are red, thereafter is green
On the cusp of a new long term uptrend fellas:guitar:

Well high volume last 2 days, SP up around 17%. I think your long term uptrend may have kicked off. Final SEIS due soon, SML due end March, funding announcements due end Q1 2014.

 

[indeck]

Thinking about re-entering this one after being burnt with Fukushima. No strategic utility partner yet from what I can gather. Will also take to 2017 to ramp up to 1.2m/lbs when they're saying capacity is 2.2 or so. Any comments on PALA selling down (quite significantly)?

 

[Zubana]

indeck, "It's better to be lucky than smart"...

Buy.......your time to be lucky has arrived; you can be smart later when the smoke clears.

Love Zub.

 

[NickyDee]

Been a very long haul to this point but good to see it finally coming to fruition. Not over yet with a few hurdles in the way, but as you point out is a positive to take away. Clear the hearing, finance and a rise in the U price should (and I say SHOULD) clear the way for a sizeable sp increase next year.

In this market though who really knows, stocks with b'all but a few positive rock chip samples or drill results bought up (for a short while anyway), and others now producing getting sold down.

It will be interesting to see the markets reaction, if any, to the positives with PEN later this year and early next.

It is a long road to full capacity production & a recovery of uranium prices appears not to be occurring, which will affect the margins, even on long-term contract price.

Where is Hangseng, btw?

 

[dengo]

Short term uptrend broken today
Failure @ 3.1c double top support =

3.1 - (3.8 - 3.1) = 2.4c target

 

[dengo]

Failure @ 3.1c double top support = 3.1 - (3.8 - 3.1) = 2.4c target

Double blow on the RSI today. Recent support failure and bearish center line cross points to more downside...

 

[Karlos68]

I discussed and posted a chart of Long Term Descending Wedges approx. 3 months ago

Personally my own research has shown patterns of this length to be un reliable.

I am unable to concur with your research.







A friendly reminder of my chart from a Quarter ago with updated chart below it confirming my foresight I shared with the masses

 

[Jewels]

PEN is ticking all the boxes, but the reality of a Uranium Spot price rapidly declining towards PENS cost of production means I'll be slipping these into the bottom drawer. Unless Gus can put together a long term off take agreement at a substantial premium to the current Uranium spot price, say in excess of $50.00?pound, I cant see anyone prepared to take this into production. Then if the spot price rises in the future, Gus will be shouted down by the market.
Forecast Uranium shortfall unlikely to eventuate until Germany and Japan start to turn back on reactors that were shut down post Fukishima.
Good luck to all long term holders

 

[Karlos68]

PEN is ticking all the boxes, but the reality of a Uranium Spot price rapidly declining towards PENS cost of production means I'll be slipping these into the bottom drawer. Unless Gus can put together a long term off take agreement at a substantial premium to the current Uranium spot price, say in excess of $50.00?pound, I cant see anyone prepared to take this into production. Then if the spot price rises in the future, Gus will be shouted down by the market.
Forecast Uranium shortfall unlikely to eventuate until Germany and Japan start to turn back on reactors that were shut down post Fukishima.
Good luck to all long term holders

Hi Jewels, thank you for your contribution
IMO it sounds abit Hotcrapperish
One must view charts to gain a perspective of where the SP of PEN is heading. I have felt my contributions clear any doubt the masses may have felt in regards to the short term movements of U308 in relation to the new long term uptrend PEN is in.
Given time I am sure this forum will increase in numbers once many receive confirmation within their own charts that an uptrend is in place. Therefore, once the masses place contributions to confirm uptrend, then I shall be in a position to say "See, told ya so:casanova:"

 

[dengo]

I have felt my contributions clear any doubt the masses may have felt in regards to the short term movements of U308 in relation to the new long term uptrend PEN is in.

Are you saying that PEN will rise as U falls Karlos?
All three PEN Pump'n'Dumps on your recent charts were on the back of a rising U price.
Spot U will hit $10 support during this glut...

 

[Karlos68]

Are you saying that PEN will rise as U falls Karlos?

Nah, I stated "short term movements of U308".

All three PEN Pump'n'Dumps on your recent charts were on the back of a rising U price.

I am at a loss to which charts you are referring dengo.

I do recall on 19th October last year you predicted PEN would go to 1.5 cents, I then stated it would go up. PEN increased in price, I was right again, therefore, is your comment attempting to sling mud in retaliation due to myself outsmarting yourself dengo?





Had a quick play. Another work of art for the benefit of the masses
Almost there fellas, just a little lower on the RSI then another rally later this year.. You heard it first from me

Spot U will hit $10 support during this glut...

Bad news attracts the attention of the masses dengo.
Are you attempting to draw the crowds from Hot Crapper?

 

[dengo]

I am at a loss to which charts you are referring dengo.

This one Karlos.
I've taken the liberty of lining up your three PEN Pumps with my rising U, hope you don't mind.
I also adjusted the U chart to bring it up to date, ie $30.15

Nah, I stated "short term movements of U308

Long term, short term, both are falling!

I do recall on 19th October last year you predicted PEN would go to 1.5 cents, I then stated it would go up. PEN increased in price, I was right again, therefore, is your comment attempting to sling mud in retaliation due to myself outsmarting yourself dengo?

All kudos to you Karlos, 2c held that time, good luck next time!
I note the 'Tick Boxers' are spruiking today's hammer on the daily chart.
Pity they missed the 'Bearish Engulfing Candlestick Pattern' and RSI uptrend breakdown on the weekly...

 

[Karlos68]

Woke this morning thinking about dengos comments from the other day, may have been in relation to this doozy from late 2012

I did go on and on and on that a dip in Feb 2013 with actual low mid year would be it. Proved to be good for a trade but not the long term higher low. Based nicely late last year, so I took a look at a 14 year chart to see how I could have been wrong in my projection. Then I spotted it, BOOM, with this 90 degree angle chart. I was out on the low by a few months but so what.

This one Karlos.
I've taken the liberty of lining up your three PEN Pumps with my rising U, hope you don't mind.
I also adjusted the U chart to bring it up to date, ie $30.15

I now see you were referring to long term uptrends being pump and dumps. Well they do say a picture speaks a thousand words. As this is how you view the charts dengo, then so be it.
View attachment 57828
OK, interesting assessment you have contributed dengo. I do think your effort is worthy to bear in mind. If you look at my OBV in that long term chart, you will note it in trending up

Long term, short term, both are falling!

View attachment 57825
You do realize this effort will instill fear to the masses.

All kudos to you Karlos

Cheers

good luck next time

No luck about it.:guitar:

 

[dengo]

Short term uptrend broken today
Failure @ 3.1c double top support = 3.1 - (3.8 - 3.1) = 2.4c target

View attachment 57467

3.1c decisively broken today, along with the MACD center line bear cross
Double top measured move target = 2.4c

 

[Karlos68]

3.1c decisively broken today, along with the MACD center line bear cross
Double top measured move target = 2.4c

View attachment 57858

I appreciate your efforts dengo.


2.4 cents ya reckon.

Maybe bud, maybe.

PEN will form a higher low, the share price at which this will be is the dilemma.
Some folks spend tens of thousands on technical analysis. For free, all one need do is Google search "Fibonacci calculator" and type in recent high and low.

I typed in "2" cents as previous low formed on an awesome long term higher low base and then "3.8" cents as this is the recent high in my predicted (actually will happen) long term uptrend.

The results:
50% retrace is 2.9 cents
61.8% retrace is 2.7 cents
76.4% retrace is 2.4 cents


With Fib retrace and your measured move dengo, you could well nail this

 

[dengo]

I appreciate your efforts dengo.
View attachment 57870
PEN will form a higher low, the share price at which this will be is the dilemma.

And I yours Karlos.
I put your rising support line on a monthly chart, (seeing as it's over a ten year time frame).
A touch in the near future would mean 1.5c or thereabouts.
Kind regards

 

[dengo]

Appears to have been a short term bear flag break-out today
Measured move target = 2.1c