Paladin Energy is So. African Uranium miner and chart shows it has not corrected to Uranium futures pricing. Easy to see going up the gap.
NYMEX:UX1! WSTRF
UUUU NYSE:MGA
TSX:URE AMEX:UEC
CCJ AMEX:DNN
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...
Nice bull flag/ascending triangle set up.
Bounced off 15 week EMA today to close above it and also 30 week EMA.
With Uranium spot prices improving, a breakout above 19.5c looks likely!
