Paladin Energy Ltd

$Paladin Energy Ltd(PDN.AU)$ There was a resounding show of excess demand in the PDN chart today in the form of a long and full-bodied white candle. The close on the high of the trading session at 1.32 confirms excess demand was working in the system right up until the closing bell.

This generally implies unmet excess demand in the system, and which could continue to impact prices in the next session.

The short term trend has re-established to the upside, realigning with the long term uptrend. Price action is back to rising peaks and rising troughs. Each suggests accumulation and buy the dip activity.

The previous historical supply zone of 1.26-1.27 now moves to demand, and only historical supply at 1.46 stands in the way of new all time highs.