We have touched base to Uranium Seasonality earlier on. This is in addition to that. What we are looking at is the PDN TORONTO NOT ASX, 10 Year Seasonality Chart. Unfortunately in the absence of a software such as StockCharts.com to enable us to construct seasonality charts here in AU, we can only rely StockCharts.com.
What caught my eye with PDN listed here (ASX) yesterday is that in the DAILY TIME FRAME it started ZIG ZAGING higher. At this stage all we can say as far as technicals are concerned with PDN. ASX is that, in this daily time frame the strong down trend is no longer and a potential Wyckoff basing formation may be unfolding. In my opinion PDN is watchlist warranted at this stage in time for further stalking. It will be interesting to see how this upcoming bullish seasonality unfolds this time around ?
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