Current Trade

Tuesday, March 17, 2009

PDN.TO

Technically, with the high volume, just short of 6 million as of this post, distribution is the key word here.

When this type of volume occurs, there is an exidous of smart money spreading ther shares. Logically there should be consdolidation and support appears to be in the low $2.40 range. Factor in the large gap this morning and the odds are stacking for a dip, but be advised, it will likely be the make or break dip for a mjor run into the $4.00 range over time.




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Kenuck SmallCap Trader

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Grandich

StockCharts Public Chart List

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