PDN 9.14% $9.79 paladin energy ltd

chart, page-102

  1. JFI
    6,837 Posts.
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    60 day av. crossed above the 120 day av. very recently. Last time this happened was May last year where it dipped below and prior to that crossed March 2013 (crossed above).

    This recent hard selling in my opinion is over done. I see a clear signal that the 60 has crossed the 120 and many will use this as an entry now given the micro news for Paladin. They have done as much as they can themselves. I thought that many wanted to get it lower to then tidy up positions and then get a new base entry this time. I can see and end to the selling play now.

    I wouldn't be surprised to see this head up today and for the 60 to remain above 120 now long term. Let's re visit this post in 6 months and see ?

    I think this is a stronger buy now than for a very long time, in my opinion.

    Investing long term.

    My thoughts and opinions.
 
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