TK, I dont normally follow Paladin, so dont have much of an idea of fundamentals etc.
But Paladin came up in a scan based on the ascension of the uptrend.
My take technically, the price action is at a cross road.
5.45ish is the 23.6% fib retracement from the 10.80 high on the 10/4/07 and the 3.80 low on the 22/1/08.
MACD, RSI all have potential to move upward from here possibly to 38.2% retracement
BUT if you draw a trendline from along the peaks of 7/12/07, 4/1/08, 29/2/08, 5 & 6/3/08 they meet at around 5.45.
I believe that tomorrow will determine whether the stock tries to push to the 38.2% fib level and possibly above or it will meet the rising trendline to form a higher low somewhere near 4.25ish.
Alternatively, a push through the 38.2 fib level could reach the downtrand line from the peak on the 10/4/07 & the 7/11/07.
Just my thoughts.
I will wait to see tomorrows price acxtion before entering a trade either short or long.
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Last
$11.07 |
Change
-0.110(0.98%) |
Mkt cap ! $3.309B |
Open | High | Low | Value | Volume |
$10.96 | $11.22 | $10.91 | $28.86M | 2.617M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5433 | $11.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.09 | 7213 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5433 | 11.030 |
3 | 13771 | 11.020 |
3 | 22184 | 11.010 |
2 | 3849 | 11.000 |
3 | 14761 | 10.990 |
Price($) | Vol. | No. |
---|---|---|
11.090 | 7213 | 1 |
11.100 | 50 | 1 |
11.110 | 2073 | 2 |
11.120 | 6736 | 1 |
11.130 | 15358 | 1 |
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