here you go, here's the
daily chart, 900 was a logical area to go long, now see if it finds
support onthe MA's. If another move higer was to occur, the
target would be 1300
the weekly shows us that Platinum has moved up too fast, a steep
channel. I have it labeled as a wave 4, however I'm not sure
about that, it could just pullback to form a higher low, but based
on the weekly it looks like some kind of pullback will occur
sometime soon as that rise is too steep.
Platinum
Posted by mikeovanes on 26th of Feb 2009 at 11:30 am
Dear Matt:
Could you please give me your opinion on platinum? Thank you very much...
Platinum
Posted by matt on 26th of Feb 2009 at 02:57 pm
here you go, here's the daily chart , 900 was a logical area to go long, now see if it finds support onthe MA's. If another move higer was to occur, the target would be 1300
the weekly shows us that Platinum has moved up too fast, a steep channel. I have it labeled as a wave 4, however I'm not sure about that, it could just pullback to form a higher low, but based on the weekly it looks like some kind of pullback will occur sometime soon as that rise is too steep.
Weekly chart
Hi There
Posted by ravun on 26th of Feb 2009 at 12:38 pm
Sure Matt is busy, let me see if I can help you out.
South African index of plats shows that we broke out of a channel and then had sideways action morphing into a triangle and being held by a long term TL. 50 day ema is now coming into play as index tries to find a footing.
Amplats and Impala platinum the 2 biggies in this index...faintly shown on chart.