PDN.TO

PDN.TO pulled a very weak looking ringed candle and try as I may, I have to acknowledge, ringed candles have to fail at some point. I keep seeing a rounded curve across the tops of the price OHLC bars (and or/CANDLES IN THE WEEKLY DEFAULT) in the public daily charts, and it is mirrored by the indicators. I get the impression that we will see some lower prices. Being a Wednesday (I felt we should have made a solid move, instead we churned just below yesterdays high, and today's open), it is usually the best day for solid moves because there is a couple of days to maneuver before the weekend. One thing that can be suggestive when evaluating ringed candles, is the price falling down and to the right of the lower bollinger is bearish; It was a very indecisive day.

I didn't trade... My thought is that the weekend is closing in and the sentiment is cautious and volume will stay low for the weekend and we will test $2.00 over the next few days. As we close in on the weekend we lose the window to trade with less risk.

I have made some notations on the PDN.TO charts... StockCharts Public Chart List


GLTA Lostoutwest
Kenuck SmallCap Trader

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