honestly I have not looked at it in a while, we already follow
so much stuff. too much
it looks good, broke out and the pullback yesterday backtested
support, lower risk long again. PPLT the ETF possible breakaway gap
via it's 60 min chart this morning
Increasing bullishness around platinum. A site I follow
has posted a bit on it recently. I'm long a couple of these
here. This was my summary, fwiw, that I posted elsewhere over
the weekend.
Been researching precious and
industrial metals for a couple of weeks, mostly relating to battery
production. My $0.02 on platinum - agree that it's looking very
good long term. As far as entry, looking at daily charts of
the ones on my watchlist, most look in need of a near-term rest for
good objective entry:
PLG; +24% on Friday; looks overbought
PLTM: hanging man candle on Friday
PPLT: doji on Friday
PGM: big red candle
SBSW: less frothy than the others; bounced off
resistance and maybe heading down to 9EMA
SPPP: maybe the best of the bunch for near-term entry;
found support at middle BB, now at resistance.
VALE: parabolic
Then again, with this market,
parabolic and +24% don't necessarily rule out good entries.
honestly I have not looked
Platinum taking off, any thoughts Matt or Steve?
Posted by matt on 10th of Dec 2020 at 09:47 am
honestly I have not looked at it in a while, we already follow so much stuff. too much
it looks good, broke out and the pullback yesterday backtested support, lower risk long again. PPLT the ETF possible breakaway gap via it's 60 min chart this morning
Increasing bullishness around platinum. A
Posted by rjdst on 10th of Dec 2020 at 09:55 am
Increasing bullishness around platinum. A site I follow has posted a bit on it recently. I'm long a couple of these here. This was my summary, fwiw, that I posted elsewhere over the weekend.
Been researching precious and industrial metals for a couple of weeks, mostly relating to battery production. My $0.02 on platinum - agree that it's looking very good long term. As far as entry, looking at daily charts of the ones on my watchlist, most look in need of a near-term rest for good objective entry:
PLG; +24% on Friday; looks overbought
PLTM: hanging man candle on Friday
PPLT: doji on Friday
PGM: big red candle
SBSW: less frothy than the others; bounced off resistance and maybe heading down to 9EMA
SPPP: maybe the best of the bunch for near-term entry; found support at middle BB, now at resistance.
VALE: parabolic
Then again, with this market, parabolic and +24% don't necessarily rule out good entries.
Thanks for sharing
Posted by steve on 10th of Dec 2020 at 09:59 am
Thanks for sharing