PDN.TO

Just like a Friday to keep things down... not many have the courage to go the weekend.

This has been a real good test of the lower bollinger touch... but one has to keep in mind that every once in a while the trend is broken and in this study,

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A lower bollinger skid breakdown, is a trend breakdown, by another name.

Reading candles or closes has a few thoughts, and one thought is that, a low finish price leads to a lower price or gap down the next day. That's the consensus, however we are testing a strong area of support as was proven by the bottom churn @ $2.30, It's also Friday and a couple of days to calm the dumpers, so on Monday if it goes by the book, and the lower bollinger holds, we may open down from the close put a tail on the opening daily candle & spike through the lower bollinger, the downside target is $2.23 (lower bollinger reading) or the tail could hold higher, and finish up with a (hollow) white candle near or above the Monday open by the end of the day, would be a good sign the lower bollinger is holding. If we do I will have bought somewhere in between.

We could also open on todays close and that would be good!

We could also open a bit higher and that would be good too!

If the price gaps down and finishes low at the end of the day on a red candle, I will likely have seen it coming and still be watching for a...
Ringed Candle
...on Monday or Tuesday

I didn't see anything that gives me an edge as to what Monday holds. The only thing that I have to hang on to is the lower bollinger touch, and two days to cool off, so it will be hindsight Monday.

GLTA Lostoutwest
Kenuck SmallCap Trader

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