May want to take a look at shorting SWC, it's the largest
platinum producer in the U.S, and also mines palladium.
Looking at the platinum chart in the newsletter last night,
this looks very similar, with the right shoulder half way formed
and starting to finish heading down, along with the RSI, MACD and
stochastics. Would like to see it get through the 20
MA and the 50 level on the RSI and stochastics just
below, to confirm a better chance to make it to the 50 MA or
lower. What do you think, Matt or Steve?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SWC short?
Short Palladium
Posted by curtis on 16th of Dec 2010 at 09:40 am
May want to take a look at shorting SWC, it's the largest platinum producer in the U.S, and also mines palladium. Looking at the platinum chart in the newsletter last night, this looks very similar, with the right shoulder half way formed and starting to finish heading down, along with the RSI, MACD and stochastics. Would like to see it get through the 20 MA and the 50 level on the RSI and stochastics just below, to confirm a better chance to make it to the 50 MA or lower. What do you think, Matt or Steve?