Just doing the weekly rounds and PDN just happened to again come up on the scan, so after doing some work on its chart i cant ignore the opportunity presenting here.
Anything that sets up like this on Time and Price gets my full attention, and as on the chart you can see how well it hits its targets every 165 days.
Looking forward i pose the thought, if you break above the triangle and impulse run could occur to the next time date in december.
If you can minmise the risk here, it looks a no brainer with possibilty of a 40% trade in 3 months. Risk at 8% is a little high, however you could take a smaller position and add on break out of triangle.
Worth a punt for this little gambler LOL
another ta opinion, page-11
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Last
$13.24 |
Change
-0.230(1.71%) |
Mkt cap ! $3.951B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $13.70 | $13.24 | $115.9M | 8.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 60263 | $13.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.29 | 42663 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |