PDN 0.42% $11.82 paladin energy ltd

well yeh no idea if you dont have a clue, but any upside should...

  1. 1,032 Posts.
    well yeh no idea if you dont have a clue, but any upside should be to the .61 cent area,

    so from gap support @ .52- .50 you have 20% upside to the target of around .61 cents.

    thats assuming a signal to buy comes from the 50cent area-ish you can work your entry point with a risk/reward >2:1 using those parameters.

    but ild be more inclined to wait untill the .61 becomes support and the .75 resistance target is in play, using .575 as a solid stop. that would give me a potential profit > 4:1

    that way any short covering of the last 7 days does not trap me before further possible downside.

 
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