Volume is down on the last couple of days, but still above the 50 day SMA. I have the next support level at $2.22, which dates back to late '08. Given its dropped this far and with negative general market sentiment continuing to prevail, I can see it testing that support level.
When its dropped this hard, (and already 80c in the hole from where I bought in), I'll be waiting for much stronger signs of a reversal than a single green candle before considering a top-up/average-down.
I dont expect too much in the next few weeks - target Q3 for PDN's fundamentals to prevail and any sort of reversal and gain from here imo.
Cheers, Sharks.
PDN Price at posting:
$2.42 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)