PEN is starting to shape up as an interesting asymmetric setup. The chart still has work to do, but the upside potential is attractive if the structure completes.
Price has potentially printed a throw-under the wedge support and printed what looks like a deep, high‑volume Spring on the horizontal range. Under Wyckoff logic, when the Spring shows higher volume than the Selling Climax, we typically expect a Test to confirm demand before any meaningful markup.
If PEN can deliver a clean Test and then break above the swing high at $1.075, that would confirm the Spring and shift control back to buyers. From there, the logical upside targets sit at the range highs around ~$2.90, with scope for continuation if momentum builds.
This is one to keep on the radar — the structure is early, but the reward‑to‑risk could become compelling if the Test plays out.
Price has potentially printed a throw-under the wedge support and printed what looks like a deep, high‑volume Spring on the horizontal range. Under Wyckoff logic, when the Spring shows higher volume than the Selling Climax, we typically expect a Test to confirm demand before any meaningful markup.
If PEN can deliver a clean Test and then break above the swing high at $1.075, that would confirm the Spring and shift control back to buyers. From there, the logical upside targets sit at the range highs around ~$2.90, with scope for continuation if momentum builds.
This is one to keep on the radar — the structure is early, but the reward‑to‑risk could become compelling if the Test plays out.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.