PDN getting close to a buylets see if this dog can finally have its day.
lost 98% of my shares to creditors last time.
gotta make my $ back mofo
PDN trade ideas
PDN T.A.PDN has been in our watch for a long time.
Looking from a monthly prospective a possible double bottom is forming.
If the break of the neck line occur we expect over 200% rally from current levels.
The break of that neckline could also be the beginning of the bull rally that the U-Bulls are waiting for years.
In all these years since the last radioactive disaster technology in the industry has improved and become safer. There is a lot to talk regards the U industry.
The world is in constant need for more and more energy and Uranium could be the solution.
Nobody knows what is going to happen in the future but from a trading/investing prospective we want to keep one eye on the industry waiting for a perfect set up.
ASX: Paladin EnergyFactors
1. Price has broken out of the recent downtrend (31/07/19 - 31/12/19)
2. There is an 13/48 EMA cross (02/01/20)
3. Starting from 28 October 2019, there has been a short term uptrend.
4. There is a bullish pin bar printed where price broke the recent downtrend (31/12/19)
5. There is a gap at 13c which I would looking to target, there may be some resistance at 11c.
PALADIN ENERGY LONGTrade plan:
Evaluate price action on Mondays only for mid- long term play
Targets:
Fib Extention (-61.8) 0.108 and (-127.2) 0.124
Why is it Bullish?
1. Stoch RSI on Weekly entering upside from Oversold
2. RSI Div showing Weekly Pivot Point and momentum pushing to the upside
3. Price has closed above S2 Pivot on the Weekly and printed to 6 Jan 2020
4. Bullish pin bar reversal causing bounce to the upside
5. Bull flag forming on the daily time frame
6. Daily price action above 21 MA
What will make it Bearish?
1. Close below Daily 21 MA
2. Close below Bull flag
3. Close below Weekly S2 Pivot Point
Paladin Energy - More pain to come ?There has been significant pain for the loyal shareholders and is there more to come ? If the price drops below this level, it will breach support and will move to cover the gap from June 2017. It may find some support at .15 - .16 level from the 200 day MA. Price needs to crack above .22c to keep the dream alive. Please note that this is not a buy or sell recommendation and should not be construed as investment advice.
