While there's certainly nothing wrong with money in the hand and taking a profit, I suspect that PDN would have been worth holding for longer.
It has well and truly brokwn the downtrend, and is now in a definite uptrend with higher highs and higher lows. Yes, of course there will be down days and lows, but as long as the uptrend remains intact, there is a good chance that this one will run for quite a way yet.
As many here know, PDN is not a trading stock for me, and I can see how it can be a trading stock for others. But personally, even if I were trading PDN, I'd be riding the trend until it's over. Swing trading every up and down move from day to day is something that I reserve for cheaper stocks.
But, as always, each to their own plan :) I'm holding.
profit taking, page-4
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |