PDN Reclaiming Trend
Paladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich mine (LHM) in Namibia.
Bullish Outlook: Current price has reached former TB Fib Extension 1.0 Level. It has broken key Daily Resistance and reclaimed Uptrend and now has a real chance of claiming new TB Fib Extension Level 1.0 (Identified by blue Horizontal Line). I'm watching Volume and RSI but also cautious of a short term retrace.
Also note that Bullflag target flagpole is alligning with former TB Fib Extension Target Level 1.618
Bearish Outlook: If price was to retrace and break key support level then my target would be @0.09 which would be my next level of Daily Support.
Keeping it super simple.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Bullish Outlook: Current price has reached former TB Fib Extension 1.0 Level. It has broken key Daily Resistance and reclaimed Uptrend and now has a real chance of claiming new TB Fib Extension Level 1.0 (Identified by blue Horizontal Line). I'm watching Volume and RSI but also cautious of a short term retrace.
Also note that Bullflag target flagpole is alligning with former TB Fib Extension Target Level 1.618
Bearish Outlook: If price was to retrace and break key support level then my target would be @0.09 which would be my next level of Daily Support.
Keeping it super simple.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
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