North American Palladium Ltd. (fka PALDF)

[TechKim]

Technically from a chart stand point. PALDF has been in a golden cross pattern since mid January 2017. (Noted: Not a true golden cross presently) Even with the horrid March 2017 sell off priced in. Share price appears to have stayed above the 200MA average. I myself have low confidence in the share price maintaining the $4.14 (200MA).

My question is that PALDF might be headed for a death cross. Been a lot of turbulence since March 2017. It could keep waning side ways for a long time to come also. That might be the case until the next financials are released, but I would not bet on it personally. Not a very easy task of making a confident judgment call on the share price. Maybe a later date PALDF will become clearer?

Still keeping this one on my watch list regardless.


Opinion