Paladin Energy Breakout
Paladin Energy Ltd -
PALAF - 0.65c ps- Break out and re- test of parallel channel looks like
a repeat of a prior move (Red Circles).
The beauty of all of the four Uranium stocks ive covered is that the ETF has broken out into an upward trend and now some large and smaller Uranium miners are also breaking out with similar patterns of pennant breakouts and ascending triangle breakouts. We do have overbought RSI so its critical to have tight stop losses set under the base of all moves.
Interestingly Light Crude Oil looks to be bouncing at the moment too, as is Gold and Silver.
Commodities really are starting to glow and no wonder with currency risk on everyone's minds.
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