Penguin Intl: A move above resistance as mentioned ?.... where to?

Volume still in dire conditions today though…..

Sent: Wednesday, October 07, 2015 9:17 AM
Subject: ******** Penguin Intl: Potential move above 0.130 can offer more upside... price 0.128

Penguin has consolidated below the 0.130 psychological resistance since Aug and today we are seeing some actions as it approaches the 0.130 psychological resistance level. There can be more upside on a breakout but VOLUME must be at a higher level, in watch list. A Bullish Rounding bottom pattern spotted with Technical indicators starting to reverse on today’s price and Macd heading towards the zero mark. Any convincing move on volume can see a target to 0.145 then 0.170 in the short term. Stop loss at 0.127 on a firm breakout. KIV