AskDrBurt

PEN PENMF PENINSULA ENERGY

Long
ASX:PEN   PENINSULA ENERGY LIMITED
Chart 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
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