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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$9.31 |
Change
-0.290(3.02%) |
Mkt cap ! $2.783B |
Open | High | Low | Value | Volume |
$9.73 | $9.75 | $9.27 | $14.51M | 1.543M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 6108 | $9.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.32 | 51 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 6108 | 9.300 |
5 | 13774 | 9.290 |
2 | 4651 | 9.280 |
1 | 9023 | 9.270 |
2 | 22280 | 9.260 |
Price($) | Vol. | No. |
---|---|---|
9.320 | 51 | 1 |
9.340 | 2684 | 1 |
9.390 | 22173 | 1 |
9.400 | 15218 | 4 |
9.420 | 9023 | 1 |
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