There has been some action in Paladin since I last reviewed the stock in 16 Oct 2007. I just thought I’d bring you up to date. The P&F chart is once more about to break through an established resistance level. A move to $7.00 would then project to $10.25 while a further move to $7.25 would provide a further projection to $11.75. These projections would, of course, change should PDN make more sideway moves before breaking out. For one of the “biggies” in the uranium business that would be a good move. However, breaking all those further levels along the way might indicate that there are still higher levels after that. Not an “explosive” potential but still a good potential for what may be considered a “quality” uranium stock.
2 comments:
Hi Merv:
I have a small position of this stock and bought at $7.61. Do you still see upside to $11 or more?
Fred in calgary
There is no change in the P&F projections. Projections are only that, not guarantees. One must watch the charts and indicators and act accordingly, projection or not.
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