PENINSULA ENERGY - Uranium play - LONGBeaten down energy sector.
Following Eric Sprott with a 8.5% stake in this play.
Future prospects in the nuclear energy sector have been a long term play for me.
P1M trade ideas
Potential Long on PENPEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
RiskMastery's Breakout Stocks - PEN EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:CLRB ...
I believe this code is at a point of potential volatility.
If price can hold above $3.50 ... Bullish potential may be unlocked.
My key upside targets include:
- $5.70 (Conservative)
- $6.80 (Medium)
- $9.95 (Aggressive)
If however price falls below $2.70 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
PEN channelsPEN - ASX
Lagging Uranium Miner.
Macro downwards channel.
Another parallel channel since 2011 with breakout in 2021.
Currently retesting diagonal breakout zone arrow -32% on day.
Volume seen high since 2021.
Target 0.40
Peninsula Energy $PEN +10% weekStill under all 3 MDA and a decent week's volume.
Looks ready to make a big move and hit those moving averages IMO.
No position.
$PEN #PEN -Macro Inverse head and Shoulders
-Consolidating on the daily TF
-Uranium Spot above $40
-Sport buying Physical
$PEN Peninsula Energy Bullish 3rd wave confirmed over 0.215 if it can move into that new high
Failure to do so may see the stock fall back into its corrective phase wave 2
PEN Weekly ChartPEN on the weekly looks like market structure could be making HH and HL's, has just hit the 100MA weekly average and could possibly bounce here for the next leg up.
PEN Trend reversal?PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
PEN PENMF PENINSULA ENERGYChart on a left is OTC ticker PENMF and chart on a right is PEN.ASX trading on Australian exchange. In my opinion OTC US exchange looks a lot stronger with potential Golden Cross. OTC Ichimoku CLoud is uptrend angle and ASX does not. Both charts RSI and Stoch in an uptrend direction. RSI is coming down from an overbought area to 70 level. Since we are in Uranium bull market it is normal to stay overbought for longer periods of time.
Conclusion: both charts for each exchange is looking strong but in my opinion OTC US exchange is looking better, especially considering Golden Cross scenario.
Good luck
PENINSULA BREAKING OUT????We broke the middle of the longterm downtrend channel with volume in December BUT left a gap at 0.090, so be careful of that.
Besides the gap, we bounced perfectly on the 66 Fib retracement.
Once we break the upper channel line of the downtrend and claim the upper line of the current channel, its fly time for Peninsula
Peninsula Energy Magic ShowChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 0.120 AUD
Uranium - Just getting started ?We are seeing a trend reversal on the weekly with a nice round arc & price approaching the high from April 2020. The $0.13c - $0.16c zone (yellow bar) is critical & needs to be surpassed with some strong bullish moves in order for the trend reversal to gain momentum. Watching
Peninsula Energy: PEN.AXWatchlist
Shorter term EMA's (20/50) up
Price touched recent resistance level
200EMA = 8.8c (1/12/20)
Watch 8.8c level for potential breakout
PEN breakoutPen breakout on lower time frame.. Macro chart has big positive divergence. This could over perform.
Target zone in red..
trade on ..
Power of divergence PENPEN The power of Divergence, PEN had a nice pull back after the initial run up. Forming that positive divergence it may be about to make another run up. CEO buying shares recently, Uranium spot going good. If we break that .340 overhead resistance its game on IMO.
