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.
Increasing bullishness around platinum. A
Platinum taking off, any thoughts Matt or Steve?
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