PDY 0.00% 0.7¢ padbury mining limited

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  1. 6,900 Posts.
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    Makattack,

    that maybe being a little harsh.

    The way i now see PDY is there is strong resistance at 3cents which it would need to break with decent volume to consider a buy back.

    If it breaks 3 cents a good opportunity could present.

    I just dont like its chances at the moment as there is a fair amount of weakness showing.

    A break below 2.7cents could me a swift decline especially as some momentum has increased to the downside.

    It would be a rare species that would just turn around and fly from here considering the downside momentum it has gathered.

    I believe it would need to show signs of consolidation which could then offer an indication of which way it may move.

    Cheers
 
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