My personal opinion is looking at the chart below of PDN over a number of years
The chart inset represents past history of the company with caveat that there was a consolidation. So the final position of the inset graph is $0.82
Current price is $0.845.
My gut tells me it will climb a little more. But the patterns show a chance it could fall before the end of the year. Trend is definitely upward after its downward trend to mid-50s.
My opinion is that it will climb further very short term. Maybe $0.88. If it goes to $0.90 it could keep going up to over $1 and beyond. The cyclical pattern is well established. It could go back to mid-70s (around mid-November) and then climb again. It could get really shorted and maybe even fall to mid-50s depending on how the traders want to do. Its hard to say definitively. Uranium seems to be a big winner at the moment in the markets. PDN has had good updates and news. Its flavour of the month. If I had been able to buy more at $0.55 I would have. I would buy more at $0.78 if I could. You MIGHT get it back to $0.78. AS you can see from the graph I was able to buy in at very low SP and added more once it reached over $1 and subsequently at intervals.I'm also free carry and safely below any possible SP crash.
Look at the graph. what do you see?
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Last
$10.97 |
Change
1.235(12.7%) |
Mkt cap ! $3.228B |
Open | High | Low | Value | Volume |
$10.60 | $11.00 | $10.60 | $20.47M | 1.901M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 881 | $10.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.97 | 1307 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1307 | 10.890 |
11 | 3143 | 10.880 |
5 | 1276 | 10.870 |
7 | 3740 | 10.860 |
6 | 2115 | 10.850 |
Price($) | Vol. | No. |
---|---|---|
10.900 | 1993 | 8 |
10.910 | 6376 | 12 |
10.920 | 1635 | 5 |
10.930 | 2987 | 7 |
10.940 | 11239 | 6 |
Last trade - 12.04pm 26/08/2024 (20 minute delay) ? |
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