STTCOMP PDN TA LONG
Paladin Energy - African Uranium Miner
Market Cap (MC) $2.4B
A very long term trend line was broken mid 2020 indicating a return to the bull market of uranium. After breaking the main resistance level of the overall rounding out pattern, a break and retest has happened, as indicated by the 1, and 2, of the Elliot wave lines indicated. expecting the price to continue higher from here. Initial target of 1.10, however this will likely indicate the beginning of the wave 3 of the Elliot wave pushing the price to approximately 3.80.
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Neil Goodman, MD
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