This is going to be a short week for trading and I expect it will likely influence the volatility of Paladins's recent consolidation.
It is hard to say what that 11 million share churn last week will inspire. The huge volume should have made a big gain, but spun out on a 20 cent move, which for Paladin on that kind of volume was ridiculous. Some would call it building support , however I think it created a huge overhang at least temporarily. It is my bet that Paladin will test some lower prices before it recovers. It looks like $2.30 but if we use the %b bollinger indicator to give the buy signal ...then we have to hold judgement until the %b drops a bit more... shown in the chart posted here.
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Paladin is listed on the third page amongst other charts...
Check this link and you will be provided with the best description available to my knowledge that explains the chart layout you see.
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It demonstrates a lower bollinger touch, which is a very common buy signal provided the trend is accurately identified as at least ranging or better yet up, until proven different.
The green circles represent the buy signals as demonstrated by the
%b and this fits in well with a buy the dip strategy.
Pretty simple really... but I have added some indicators to get better depth in the charts following.
GLTA Lostoutwest
Kenuck SmallCap Trader
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