Current Trade

Monday, February 23, 2009

PDN.TO

Paladin has broken the upward dip picking trend and we are now watching a for signs that it will stabilize...

A low finish and no ringed candle, suggests lower pricing tomorrow... The price broke $2.23, which is the lower bollinger, and did not recover. There is nothing to do but watch. Using a weekly candle default chart, a lower bollinger touch suggests that $1.50 is the target over time. We should see a bounce at $2.00 and this may be a reversal or a chance to exit before lower prices.

GLTA Lostoutwest
Kenuck SmallCap Trader

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