PDN 1.00% $11.67 paladin energy ltd

Abe wins election, good for nuclear resrarts, page-39

  1. 342 Posts.
    lightbulb Created with Sketch. 30
    Spot price just took another drop...hopefully we are close to a strong bounce..surely it can't go that much lower?

    Good to see a strong breakout finally anyway..I bought more at 19.5c the other week based on the fact that the selling appeared to run out of momentum. Stockastics/RSI and MACD looked like it was about to turn up..there was also a nice little doji and then the green candle, but I didn't want to make the call and jinx it..Mr Delta's chart also pointed to a bounce. This seems like a text book bounce and was luckily fuelled further by the quarterly and news about an impending deal.

    The only question now is how far will this run take us before it runs out of steam? I'm assuming many holders will now be waiting for more good news before selling their shares, but perhaps others will take quick profit.

    I'm looking for 70c + personally...Singapore paid 70 something cents and didn't even sell at $1.3..the Chinese got in around 40c...time will tell.
 
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