AUD on the rise with commodities turning up in a new green economy. Uranium is going to shine. The path is altered from the last time PDN broke through the equivalent fib channel levels, remarkably similar trajectory, so I just altered the pullbacks to better respect these levels as we are breaking out at a slightly higher price level. I expect this to be one of my best this year. Initiated yesterday.
I think your chart is pretty decent however perhaps Paladin will first drop to A$0.19? So instead of following the purple line up to 0.50-0.60 around 12/02 perhaps it goes down to 0.19 first in the next week or two? Before then swinging up to the 0.80's around mid-April? Either way, I agree that Uranium is going to shine but perhaps we will get one more chance to buy Paladin on sale.
ptero1492
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@johnmknox, Hi John, I have to agree here, and your interim target of .19 would be a nice spot to average down (for me) and coincides nicely with the green fib and channel bottom around Feb8th? Serious LT conviction in this stock, the purple path was drawn early before the consolidation period became a more long term speed bump and was never definite. Any drawdown from here is like drawing a bow back further and further, eventually, we're going to surge. Stay safe out there! Thanks for commenting!
ptero1492
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@johnmknox, Window closing for the .019 pullback, makes me feel extra bullish on this one. Sale opportunities looking unlikely now imho