PENC on the Move
Pinnacle Energy (OTCBB: PENC) is reacting as expected. Coming off lower support, the stock is up nearly 10% in just a few days. As stated Tuesday evening, look for “A break of that level (currently $1.20), look for $1.25 followed by $1.30 and new all-time highs.”
Triangle patterns are some if the most reliable (head and shoulders are the most reliable) in the technical analysis world. Barring any more economic or political earthquakes, we should be well above $1.40 by years end.
