Pen Intercom (PENC) - Ready to fly? Message Board

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Microcap & Penny Stocks : Pen Intercom (PENC) - Ready to fly?

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From: TheGreatGatsby	10/30/2008 10:53:59 AM
	of 107

Pinnacle Energy Corp. (OTCBB: PENC) appears to be trading in an "accending triangle" pattern. Finding support in the $1.05 area and getting a boost off the lower trendline. Trading a little higher both Monday and Tuesday it appears the selling has dissipated and buyers are beginning to win. Judging by the trading pattern forming, we are looking for a charge towards the upper trendline which should pose as the first strong resistance. A break of that level (currently $1.20), look for $1.25 followed by $1.30 and new all-time highs. microstockprofit.com

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