TradingView
johnmknox
Feb 24, 2021 2:37 AM

Paladin to drop to support before continuing higher? $PDN $PALAF Long

PALADIN ENERGY LTDASX

Description

Paladin looks likely to fall back down to the support line at around $30 to $31 before continuing higher. Uranium stocks in general have moved up too far too fast and don't reflect the underlying price of the metal. We are way too early on this opportunity but that is a good thing because it will present more buying opportunities in my view. RSI and MACD indicate overbought. Please give your thoughts and criticisms. I may be completely wrong on this. The Uranium sector is extremely volatile so anything could happen in either direction or extreme.
Comments
anniegirl
Thank you - well done!! I'm holding since 26 c!!
More