CXX.TO has blinked

CXX has moved onto the radar of the penny traders and is likely to consolidate for a bit and make another move within the next week or two.

If you have bought in below .16 cents, it is worth the risk to wait for the next move, and considering the exposure uranium is receiving in the news, there is a level of focus on a few survivors that are being touted by the gurus.

Grandich is well followed, and no bad news is often good news with Grandich, so his endorsement of CXX.TO is notable.

A purchase in the area of .17 to .18 cents might be productive... but, overall I think CXX.TO has the potential for 100% gain or more for a short time and over time will see back into the .40 to .60+ cent area depending on the month and news.

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

Both the TSX and Vancouver

Seem quite robust and from the look of them chart wise, should continue for at least another week according to tradition.

The end of April has been traditionaly the beginning of go away in May, however because of the positioning of the market bottom (Canadian)as out of place in the timing of this May phenomina, it may be that we will see a spiky summer not withstanding any nuclear wars.

I'm seeing poppers all over.

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

PDN,T0

We can expect some short term consolidation but I draw the line at $2.90




GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

PDN.TO

PDN continues to defy gravity. If the opportunity unfolds where I can consider a position under $3.00, then I will be doing some thinking.

Various trend indications including using volume, 200 day average, and Level II analysis suggest that PDN has just about finished moving through a major resistance level.

Level II activity supports a visual look in real time that emulates day trading activity only, and the only reason the price is slow to make an up move is that we are knocking on the resistance door and traditional charting calls for a top that most people are reacting to as a response, but in this case the a top is a fleeting thing and selling is not heavy enough to push back the holding so a continuation is highly probable if it breaks through, and is going to make one of those moves where you say, "I never saw that coming". In a true up trend you will see many tops, new highs they call them, and if you can match them with higher lows, the only thing you can do is buy the dip.

Some new commentary ...

Check out.. StockCharts Public Chart List




GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

CXX.TO

From a technical chart perspective, CXX is showing some parallel action in the Level II... this will take some patience, hopefully, the price will allow bids to take a position over the next week or so.

Look to the StockCharts Public Chart List



GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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.




GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

DON.V

GLTA Lostoutwest
Kenuck SmallCap Trader

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure