My personal opinion is looking at the chart below of PDN over a number of years
The chart inset represents past history of the company with caveat that there was a consolidation. So the final position of the inset graph is $0.82
Current price is $0.845.
My gut tells me it will climb a little more. But the patterns show a chance it could fall before the end of the year. Trend is definitely upward after its downward trend to mid-50s.
My opinion is that it will climb further very short term. Maybe $0.88. If it goes to $0.90 it could keep going up to over $1 and beyond. The cyclical pattern is well established. It could go back to mid-70s (around mid-November) and then climb again. It could get really shorted and maybe even fall to mid-50s depending on how the traders want to do. Its hard to say definitively. Uranium seems to be a big winner at the moment in the markets. PDN has had good updates and news. Its flavour of the month. If I had been able to buy more at $0.55 I would have. I would buy more at $0.78 if I could. You MIGHT get it back to $0.78. AS you can see from the graph I was able to buy in at very low SP and added more once it reached over $1 and subsequently at intervals.I'm also free carry and safely below any possible SP crash.
Look at the graph. what do you see?
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Last
$9.83 |
Change
-0.330(3.25%) |
Mkt cap ! $2.940B |
Open | High | Low | Value | Volume |
$10.16 | $10.20 | $9.83 | $27.91M | 2.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15 | $9.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.90 | 470 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 6609 | 9.810 |
14 | 25418 | 9.800 |
3 | 14396 | 9.770 |
2 | 4000 | 9.760 |
7 | 3734 | 9.750 |
Price($) | Vol. | No. |
---|---|---|
9.900 | 470 | 1 |
9.930 | 642 | 1 |
9.950 | 8896 | 1 |
9.980 | 9065 | 2 |
10.000 | 76 | 1 |
Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
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PDN (ASX) Chart |