Paladin Energy Ltd. (T-PDN)
Another one of the biggies, Paladin has made a P&F break-out with an initial projection to the $5.40 level, more than a 100% move from here. The normal chart is also bullish although it could use just a little bit more upside to look better. The price is above its intermediate term moving average line and the line has just turned upward. The momentum indicator is still just below its neutral line in the negative zone but moving upward and is above its positive trigger line. The volume indicator is very strong and at its highest level in months. It is suggesting speculative interest in the stock. All in all PDN is a good stock for the cautious investor but as with other stocks I would have a mental stop at $1.70 just in case.
Another one of the biggies, Paladin has made a P&F break-out with an initial projection to the $5.40 level, more than a 100% move from here. The normal chart is also bullish although it could use just a little bit more upside to look better. The price is above its intermediate term moving average line and the line has just turned upward. The momentum indicator is still just below its neutral line in the negative zone but moving upward and is above its positive trigger line. The volume indicator is very strong and at its highest level in months. It is suggesting speculative interest in the stock. All in all PDN is a good stock for the cautious investor but as with other stocks I would have a mental stop at $1.70 just in case.
5 comments:
This is really great stuff Merv -- thanks!
Hoping to see your take on Uranium One, URE, DML, URRE at some point ;).
Mike
If you could give more detailed information on some, I think it is even more perfect, and I need to obtain more information!
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To the second commenter,
The ONLY information you can expect to see on this site is purely from the technical perspective as I am a pure technical analyst. In addition, simplicity is always the prefered mode of analysis and that is what you get here.
For fundamental information, there are many links on the front page.
Thanks for Analysis. The volume was high yesterday and the price also increased.. today both price and volume has fallen.. Whats your opinion
It seems a little more than I need to check the information, because I was thinking: Why does not my GLOG these things!
fishing net
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