$PEN bullish #cupandhandle breakout on daily #chart
Daily chart of 
PEN has a beautiful C&H breakout this week with a close above the cup neckline
Stock price trades above all major daily MAs (20,50, 200)
MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached
Measured target from the pattern is around 264.62
Good luck,
TA
PEN has a beautiful C&H breakout this week with a close above the cup necklineStock price trades above all major daily MAs (20,50, 200)
MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached
Measured target from the pattern is around 264.62
Good luck,
TA
Penafian
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