PDN 7.21% $14.12 paladin energy ltd

chart for westie

  1. 18,874 Posts.
    lightbulb Created with Sketch. 93
    Hey Westie,
    Here's a couple of over all charts with close ups so we don't get confused with which double bottom or what fibs we are talking about.
    I have taken the the fibs from here as I said they seem to fit the chart well, before I had them the full range and there was know reason why the stock would bottom in nomans land the outer Blue ones fit the set and confirm it by giving 161.8% at the 100% imo..
    It would be intresting to see what Max thinks about that.
    The 2 bottoms 05 & 08 have 2 bottoms so one would think Bottoms confirmed, its also full retracment from the last Head & Shoulders Pattern which there are 2 plus the ovbious Double Top, seems like everything comes in 2's ..lol
    As you can see on the daily close up both the Stanndard Error Channels meet at this point,the greenlines are fib projections make of them what you will but they seem to give a clue, note 30d sma(Yellow) is on the up and the stock is now trading above it thats very good.
    All Daily & Weekly inds are on the up including the Dema which is very good and LOW, Max Zero Lag has crossed as a buy on both as well.
    I'd expect it to trade up to the 14d sma on the weekly chart fairly smartly, bearing in mind that may move down a tad and provided it gets over the Andrews Midline (daily chart).
    Monthly Charts Candles are a Candle Tweezer Bottom as well, the Monthly Projection & RVI are on the turn to (see 2nd pannel inds GREEN / WHITE allways the first to go).
    A bit more Daily Volume would help..imo
    To round up at this point you have 2 of the 3 charts in your favor and the 3Rd about to turn and thats the first time since the start of 07 all 3 are lining up so it looks good for long term investors again, as well as traders..imo
    Hope it helps.
    Cheers Pete.










 
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