PDN 2.49% $13.97 paladin energy ltd

Feel sorry for the guys who were too worried about loosing some...

  1. Nez
    549 Posts.
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    Feel sorry for the guys who were too worried about loosing some profit and bailed out a couple of weeks ago... so much positivity going on with the price action of PDN. From a medium term standpoint the 2021-2023 accumulation produced a great bullish pennant (I bought on the breakout of that pattern) and could lead to the upper price target of $1.87, there's also another bullish pennant formation at the end of last year with a possible price target of $1.65, price may also get some resistance around $1.40 level. The upper two levels are my two main areas that I'll be watching for reversal/sell signals at but who knows where U and U equities could go to, especially when you look at the bottom long term chart.

    10, 20 & 40 SMA's are also in bullish trend formation and any penetration would be difficult, any pullback in price would at worst bounce at the 10 week SMA. Just my thoughts. GLTA!!
    .
    https://hotcopper.com.au/data/attachments/5929/5929490-8a2e02d273e03d325dd59cf578e6dfde.jpg

    https://hotcopper.com.au/data/attachments/5929/5929552-5fe4b057330218c715824a61c44dfc65.jpg

    Last edited by Nez: 02/02/24
 
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Last trade - 16.10pm 30/04/2024 (20 minute delay) ?
Last
$13.96
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