PDN uptrend tracking nicely - chart

The new uptrend on the PDN is tracking perfectly so far.  Here is the chart - you can see everywhere that the price has retraced to the trend line and bounced off it.  As long as this continues, we could be in for a very nice ride.

Short-term traders no doubt will be in and out like a woodpecker, but personally, I think simply riding the trend is better. Once the SP breaks down through the trend line, AND then tests the trend line from below and fails to break back up through it - then THAT is the time to bail out unless one is a longer term investor.

Of course, others may prefer weekly charts or even the monthly, but I think with a new uptrend, the daily chart will give the best signals for jumping ship - the weekly or monthly chart would miss the signal.

As always, DYOR, and each to their own strategy.