paladin breakout from april next stop 2.89, page-7

Why is it a SELL at 2.77? Not for trend-followers it isn't.

Not after that enormous bullish divergence between the price and the MACD Histogram between March and June. The price made two lower lows, but the MACD Histogram made two HIGHER lows.

Said by many to be one of the strongest signals in all of TA (particlarly Alexander Elder).

Other stocks showing similar divergences, and which have taken off just like PDN are ACB and LYC.

All behaving themselves beautifully.

So why sell at 2.77? Hang tight and ride it back all the way up, using a trailing stop, then tighten up the stop as it starts to flatten out then sell when it rolls over wherever the top of the trend is.

But PDN for me is a long term accumulation stock, not a trading stock.

Each to their own, I guess. But even if I were trading in and out of PDN, I wouldn't be selling at 2.77...