Could have put this article anywhere but since I own PDN it can go here.:
I think it's probably run pretty far, but I'm still holding. Waiting for a decent pull back to pick up some more maybe, depending on the overall market. It's been a great 6 months, like for many stocks since the Nov lows.I don't believe much TA skill is required with this one. How long will this pattern repeat?
Or have I jumped in to late, is the cycle over?
No more thoughts on those issues, all been done.still good buy price?
no carbon footprints!
listed in the recent edition on money mag as a buy op due to the changing attitudes towards n power.
late ann made today.
any thoughts on this?
No more thoughts on those issues, all been done.
A nice little ascending triangle appearing in a strong upward move. If I didn't think the market was toppy, it'd be a high probability set up.
Yeah looks so, a probable target the width of the triangley thing.And the ascension has occured.
A very nice uptrend since late last year. Pleased to have climbed on about a month ago. Some are saying uranium will become a very needed and scarce resource down the track. One suggest US$500 an ounce...whew. Whatever a solid trending stock is always great to be on.
cheers explod
Market is confounding me. Looks really overbought, but continues to hold. Can only assume all the money on the side has been put back in, but which money? Is the smart money already in and now the sheep are following holding the momentum up. Or what?
Giday kennas.
Because a lot of these stocks such as PDN, CVN etc are coming from such a low they can appear over bought on a daily chart, I am monitoring the weekly charts too for a better picture.
Compare the daily and weekly charts of CVN as an example.
Just my
PS. I hold both CVN and PDN
Still running away. Would have been a nice pick up at the lows, but heck, can't complain with the trajectory. I was really expecting more consolidaion around $4.00 earlier, but it's just been unrelenting. $5.50 isn't really that far away now explod, but I'd say $6.00 ish is a bigger hurdle. This looks very impulsive to me. I wonder if an EW er would call this a W1 or a 3 of a larger move. Must consolidate further at some point..For the longer term this is one of my favourite stocks. Got in a while back round $4.36 but the recent moves of the Dow worry me. Could be why it has stalled a bit towards a sideways movement. If the Dow drops off the perch it will as before take most with it, so opted out of this last week and will watch what pans out. However I agree with the above that it is on value still in oversold territory.
On the five year weekly the action around this level back in 06 was considerable so the resistance here may just need some time to play out but a break above $5.50 would be significant. Just dont' see it happenning for awhile.
That's really unusual volume. I notice the stock fell from $5.20 ish to $5.03 in the last 30 mins of trade. Is this whenthe volume kicked in? Or was it off market activity? I haven't got course of sales.Just noticed the extreme volume on friday for this one. I would have to say after a very strong run up that friday looks like major dumping into strength, something like a blow off high but the range is not paticularly impressive. I wouldn't expect much more upside and in fact will continue to watch this for a short position should the overall market also roll over.
kennas said:That's really unusual volume. I notice the stock fell from $5.20 ish to $5.03 in the last 30 mins of trade. Is this when the volume kicked in? Or was it off market activity? I haven't got course of sales.
AOE was the same. Someone on HC claimed it was options expiry at the end of the month so there was a lot of shifting of shares between institutions. I thought that was supposed to happen in the morning on the last Thursday. Whatever, doesn't look too dramatic for the company as far as support goes if it was just instos swapping shares, for whatever reason.I just checked the intraday chart and there was alot volume in the last half hour. However according to the chart below the majority of the volume was off market after 4:00. Any clues as to what off market trades this size could mean. I've not seen anything like this before so don't have a clue.
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