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PDN - Paladin Energy

tech/a

No Ordinary Duck
Joined
14 October 2004
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Another pullback opportunity(Missed by myself)
 

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Re: PDN

I have Marketcast which is what Guppy uses.Its a bit pricey at $400 to purchase software and $180/mth.

Even so you still have to perform the scans.If your not in the office you cant do it.Ideally an auto scan at 1 hr intervals looking for stocks that have risen X% on Xvolume would be ideal.

I used to post the scans on REEF whenever I was at the office at scan time.
There wasnt much interest there as they dont play short term moves.

If interest is here Im happy to post the scan at say 10.30 SA time and say 2.30

Youll get.
% gain
Volume
Gap up %

From there you can check the charts (if you have intraday) Im happy to post the chart of most interest to myself.
But there are times Im not in the office so you could miss a few or they could be late by whatever.
If there is an interest then let me know.

Ill post one today and see what you think.

tech
 
Re: PDN

Finally, the breakout I've been waiting for.

May it live a long and prosperous life :D

Cheers,
GP

[Disclaimer: I hold]
 

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Re: PDN

After a bit of consolidation, up again. Currently at $1.41 as I write.

Cheers,
GP


[I hold]
 

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Re: PDN

It closed at $1.78 today and has been go up quite a lot in the last few days. Anyone has any comment? Thank you.
 
Re: PDN

Seems to be forming another small triangle now. If I remember correctly, a top-side breakout would have a target of around $2.20 or so. If it fails, I'm outta there. :D

Cheers,
GP
 

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Re: PDN

GP.

Havent been following this!! Glad to see your getting a great ride!!

Isnt this a great example of whats considered too late to get on.
After I posted the fact that I thought I'd missed it I promptly forgot about it and from there up 100%. :cautious:

Dont know that I'd be in such a rush to leave if in your position GP.
 
Re: PDN

tech/a said:
Dont know that I'd be in such a rush to leave if in your position GP.
I'm in no rush as long as it keeps going up. :D

Since my gains on this one form a significant percentage of my total portfolio gain at the moment, I don't want to risk losing too much of it. I think it looks fairly solid at the moment though, and unlikely to do what Summit did and lose most of the recent gains in one or two days, so I'm prepared to give it a bit of lee-way.

Still, I think a significant drop down at this point wouldn't be a good sign.

Cheers,
GP
 
Re: PDN

I think RSI is mainly useful in sideways-ranging stocks or moves against the main trend. For moves in the direction of the main trend, particularly a strong trend, I'd expect the RSI to be pretty high at times without considering the stock over-bought.

Just my opinion of course.

Cheers,
GP
 
Re: PDN

Any momentum oscillator,RSI,Stochastic,Williams R should ONLY be used in the direction of the trend. So if bullish your looking for oversold------buy opportunities.To use an overbought signal as a sell would 9 times out of 10 find you selling prematurely.

However divergence should be veiwed with caution.
GP is correct in their use during times of ranging,but here correct time settings (Coinciding with the ranging cycles) work best.
 
Re: PDN

tech/a said:
Any momentum oscillator,RSI,Stochastic,Williams R should ONLY be used in the direction of the trend. So if bullish your looking for oversold------buy opportunities.
I think you're saying the same as what I meant :D

To be oversold during an uptrend, the stock must have had a short-term fall, which is what I meant by RSI being useful against the direction of the main trend (ie. looking for the bottom of a short-term fall when the main trend is up).


However divergence should be veiwed with caution.
In one of Daryl Guppy's recent newsletters, he mentioned that RSI divergence was a fairly reliable signal (for a change in price direction). Supposedly that was one of the main indicators he used to pick the market peak back in March and switch to short positions.

Cheers,
GP
 
Re: PDN

I was a bit concerned about the end-of-day push down yesterday, and when it opened lower again this morning and broke through my $1.67 limit, I sold out.

Got $1.66, which I'm happy with. Current price is $1.58, although it has been down to $1.505 at some stage.

Cheers,
GP
 
Re: PDN

I jumped back on this one in mid-August for $1.68 and it's smokin' again!

Up 10%-11% today as I write, currently $2.45.

I don't know what they're doing right, but I'm certainly not complaining :)

Cheers,
GP
 
Re: PDN

May amount to nothing but a small triangle is forming.
 

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Re: PDN

a triangle with a rising bottom is always good.. aswell as a powerful reversal 9 periods ago.

I think the previous bearish trend is over which is evident in both the weekly and daily chart.

macd has just crossed in the dailies

If volume continues to increase as well as the price going north of 2.05 i will consider buying the share.
 
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