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paladin maybe?

Discussion in 'Shares' started by voigtstr, 8th Sep, 2007.

  1. voigtstr

    voigtstr Well-Known Member

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    24th Jan, 2007
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    Hobart
    Hi punters,
    With Russia wanting to buy our Uranium, do you reckon Paladin (PDN) could be a goer? That Bollinger band is squeezing, is that a reasonable enough signal to buy? (if not...what would be a better buy signal?)

    Cheers
    the voigtstr
     
  2. Tropo

    Tropo Well-Known Member

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    PDN is in the down trend at the moment (weekly/daily).
    Bad news :eek: = nobody so far invented a perfect indicator :rolleyes:
     
  3. voigtstr

    voigtstr Well-Known Member

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    In general would you wait for definite trend up?
     
  4. Tropo

    Tropo Well-Known Member

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    Yep :p
    Try this link:Articles
     
    Last edited by a moderator: 9th Sep, 2007
  5. smeggett

    smeggett Member

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    Bang on - use a pencil and ruler to determine your trends starting with long term charts (yearly/monthly) and then working your way down to weekly/daily charts if the long term ones show a positive trend.

    If you're looking for the long term and the fundamentals are sound buy the share and go and find something else to do... otherwise watch the daily charts using a basic trend indicator and try and catch the 60-70% in the middle of any move (ie. don't try and bother picking tops and bottoms - wait until the trend is confirmed and then buy or sell... leave the rest to the god of greed, or you'll start losing money as no one can consistently call tops and bottoms in a market).

    If you want to get technical you can use the MACD crossover to help determine trend confirmation, but this is still a lagging indicator, so a pencil and ruler is probably easier.

    My 2c worth anyway.

    smeggett