PDN - Paladin Energy

[Kauri]

Re: PDN - Paladin Resources

At the moment the volume and price range/movement isn't telling me too much apart from that there is a lot of indecision and it would seem that there is "Harvey Norman" activity by the larger players??
In (my) perfect world we would have a fake of the horizontal support that closed up at its high on high buying volume that also co-incided with the typical larger W(4) and also the typical intermediate W5 and that also came close to the trading chanell. If a strong buyer supported minor W1-W2 then happened I would probably be in with my ears pinned back.. : .. Now back to work on my Lotto system...

Well she has dropped down close to the lower chanell/W(4)/W5... now to see if support comes in at all or it is the beginning of a rout.. I personally will be waiting for a minor W1-W2 to form with the (for me) correct vol/bar range characteristics to form before I am tempted to rejoin....

see that big volume spike? Do you think that the people who bought that volume are "indecisive".

volume has two sides.......buyers and sellers......who bought that volume, who sold that volume......

.......forget the elliott count........that hindsight stuff........concentrate on forward looking.......and who else is forward looking.......what are THEIR reasons?

Joules... I guess the people you were referring to as indecisive who bought that recent vol spike at the top of the chanell are even less indecisive with their buying this morning ...probably explains what is going to be another vol spike???

 

[hacheln_mice]

Re: PDN - Paladin Resources

Is this 'mean reversion' at play?
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[alankew]

Re: PDN - Paladin Resources

Reminds me of the volatility and downward pressure that ZFX was put on when it went down to $14ish(?).Not brave enough to enter at the moment but will be watching.Incredible speed of change in the SP today.Think that maybe a few longs/CFDs are being closed as although its a down day think this has been overdone short term

 

[Kauri]

Re: PDN - Paladin Resources

Reminds me of the volatility and downward pressure that ZFX was put on when it went down to $14ish(?).Not brave enough to enter at the moment but will be watching.Incredible speed of change in the SP today.Think that maybe a few longs/CFDs are being closed as although its a down day think this has been overdone short term

As I read on Nick Radge's site this morning ..it went something like.. "imagine all of the stops set just below the recently three times touched support line ( around 8.40 )"... I guess more than a few of them have gone off today...

 

[alankew]

Re: PDN - Paladin Resources

So Kauri do you/Nick that this is intentional (maybe this is what Joules was suggesting).On its way down again as i type

 

[Kauri]

Re: PDN - Paladin Resources

So Kauri do you/Nick that this is intentional (maybe this is what Joules was suggesting).On its way down again as i type

For what Nick thinks you will have to ask him....
What Joules thinks I have no idea and no wish to find out...
What I think should be taken with a grain of sand, I'm still very much finding my way with this... but for what it is worth if professionals had deliberately run the obvious stops with the intention of getting cheap shares we should have seen more of a roo tail bar with the knowledgable ones snapping up the stops and pushing the bar close back up near the top????
Cheers
Kauri

 

[chris1983]

Re: PDN - Paladin Resources

I decided to take an entry on this one. They should ramp up their production sooner than later IMO. Get tht sorted and the SP will react. Also a forum member sent me this article titled "Four Uranium Auctions in 17 Days" I think the spot price will continue to rise so I have taken a position.

http://resourcexinvestor.com/news.php?id=1577

 

[chris1983]

Re: PDN - Paladin Resources

Paladin is trading very strongly in Canada. Currently at 7.69 CAD

7.69 CAD = 8.61099 AUD

There is an auction today so it should be interesting to see what happens on Monday. They are obviously predicting another increase in the spot price hence pushing PDN's SP higher.

"Later this week, on June 15th, Nufcor offers 200 thousand pounds U3O8 and 100 tUF6."

Source below.

http://www.stockinterview.com/News/06102007/Four-Uranium-Auctions-Price.html

 

[Uncle Festivus]

Re: PDN - Paladin Resources

A cleansing purge perhaps? Price now back where it was before the ann.
And found support @ $8.00, OBV rising.

PDN: Delivery Time

Paladin Resources (PDN) plummeted over 5% yesterday, compounding a 33% fall over the past 2 months, following an announcement that uranium production from its flagship Langer Heinrich project would be around half (~0.27mlb U3O8) for the June 07H of the previous guidance of 0.4–0.6mlb.
With the stock now around $8.10, and with standout leverage to a booming uranium price, Macquarie Research Equities (MRE) reiterate their $9.30 price target, and highlight the company’s strengths as well as weaknesses in the following article.

http://www.macquarie.com.au/wasp/dailytrader/dailytrader_dttradingpickofday_3.htm

 

[Kauri]

Re: PDN - Paladin Resources

A cleansing purge perhaps? Price now back where it was before the ann.
And found support @ $8.00, OBV rising.

Hi Uncle,
Agree it looks like it may have found a bottom, at a typical E/W confluence zone as well, follow up buying pushing it up and closing well would be good to see now. Also note that it has one of those three inside bar set-ups that Cannie is looking at in his mech, trading development thread.
Cheers
Kauri

 

[Nick Radge]

Re: PDN - Paladin Resources

Very strong volume over the last 3-days, especially Thurs/Fri. The important thing here is that this strong volume aligns itself with the background strength seen in February.

We also have a descending wedge off the April 10 highs.

Be short at your own peril!


This post may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

 

[reece55]

Re: PDN - Paladin Resources

Really liked the fact that the weak holders hear have been completely shaken out on Wednesday and I'm with most here stating that we may have found a bottom here. The volume spikes show keen buying support with strong hands picking up the stock for a song. Lets see if it can break that trend channel it's been in of late, but if it looks strong I might leg into this one early.....

Best of luck to all holders here.....

Cheers

 

[Sean K]

Re: PDN - Paladin Resources

Hi Uncle,
Agree it looks like it may have found a bottom, at a typical E/W confluence zone as well, follow up buying pushing it up and closing well would be good to see now. Also note that it has one of those three inside bar set-ups that Cannie is looking at in his mech, trading development thread.
Cheers
Kauri

Agree with the potential turn around here. Those last 2 candles represent a change in sentiment to me. The (almost) dragon fly doji is a potential reversal signal. The longer tails on the previous two candles are also more positive, both touching $8 and pulling back. Also close to 200d ma which might provide support also.

Of course anything can and will happen.

Would like to see a higher low and high for a start.

 

[nizar]

Re: PDN - Paladin Resources

Agree with the potential turn around here. Those last 2 candles represent a change in sentiment to me. The (almost) dragon fly doji is a potential reversal signal. The longer tails on the previous two candles are also more positive, both touching $8 and pulling back. Also close to 200d ma which might provide support also.

Of course anything can and will happen.

Would like to see a higher low and high for a start.

I would wait for it to form a bottom and start going up again. Still struggles to have a white candle close.

200dma has been a solid support since 2004. But anything can happen.
Who says it will be support again?

Damn even on the longterm chart that late feb drop is really significant, $10.88-7.50 peak to trough in 8 trading days -- or 31%.

 

[chris1983]

Re: PDN - Paladin Resources

I would wait for it to form a bottom and start going up again. Still struggles to have a white candle close.

200dma has been a solid support since 2004. But anything can happen.
Who says it will be support again?

Damn even on the longterm chart that late feb drop is really significant, $10.88-7.50 peak to trough in 8 trading days -- or 31%.

Didn't this one touch bottom at 7.90 last week? Was that the low it his recently? I saw it bounce back so was in at 8.15. Its back up to 8.45 now and looks strong again..maybe heading back up over 9 dollars if the recent uranium auctions rise the spot price again?

 

[BradK]

Re: PDN - Paladin Resources

I would wait for it to form a bottom and start going up again. Still struggles to have a white candle close.

Nizar,

Looks like we might get a white candle today. Im in on CFD at 8.35 - and despite the fact that my message is less than 100 characters, it just gives me another op to say, 'looks like we might get a white candle today'

Cheers
Brad

 

[Go Nuke]

Re: PDN - Paladin Resources

Nizar,

Looks like we might get a white candle today. Im in on CFD at 8.35 - and despite the fact that my message is less than 100 characters, it just gives me another op to say, 'looks like we might get a white candle today'

Cheers
Brad

Yes it looks like you will get your white candle
Though there looks to be alot of people wanting to get out at $8.50

Maybe thats just the bears

 

[chris1983]

Re: PDN - Paladin Resources

Agree with the potential turn around here. Those last 2 candles represent a change in sentiment to me. The (almost) dragon fly doji is a potential reversal signal. The longer tails on the previous two candles are also more positive, both touching $8 and pulling back. Also close to 200d ma which might provide support also.

Of course anything can and will happen.

Would like to see a higher low and high for a start.

This trading thing can be fun hey. I jumped out at 8.70. Decided to lock in profits but PDN definately look to be moving back up to that $9 mark. I must add its only fun when you make money though.

 

[Moneybags]

Re: PDN - Paladin Resources

This trading thing can be fun hey. I jumped out at 8.70. Decided to lock in profits but PDN definately look to be moving back up to that $9 mark. I must add its only fun when you make money though.

Nicely done Chris. I am surprised you decided to exit though when you clearly think it's heading up to the $9 mark. I'm going to hang on for a bit and see what this does.

MB

 

[chris1983]

Re: PDN - Paladin Resources

Nicely done Chris. I am surprised you decided to exit though when you clearly think it's heading up to the $9 mark. I'm going to hang on for a bit and see what this does.

MB

I think it is but you can never be sure. Im only having a bit of a change with some margin loan money. Trading margin loanable stocks.