TVC:PLATINUM long-term breakout has begun. A monthly close above would confirm our SCOTCHstocks target range of $2500-$3000. Don't miss it!
Everything shared here is my own opinion and no results are guaranteed. Good luck!
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Will we have our breakout, retest, SCOTCH?! Or will this prove to be a false breakout?? The next two weeks, leading up to the FOMC meeting, are VERY important.
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As stated below, "in my opinion, any near-term pullback coming within the range of $1000-1100 would make a great buying opportunity in the big picture."
@aviv8008, in my opinion, any near-term pullback coming within the range of $1000-1100 would make a great buying opportunity in the big picture. Keep in mind, this is a ~3 year target, with the possibility of it getting hit sooner. There will be big moves in both directions, including deep pullbacks. But assuming the price stays above that top declining trendline, the next stop in my mind is that target.
MrLongTerm
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Thanks!
brandenberger
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Where next in short term - 1100 or 1300
jstrasburger
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@brandenberger my best guess would be $1300 comes first, however I’ll look to add on any big pullback if I’m wrong.
brandenberger
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@SCOTCHstocks, yes believe so too much support at the 1200+ level
@SCOTCHstocks, nice! next target $1500 - strong in my opinion - what do you think?
abel11
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Amazing bias, do you think the price will reach your target?
jstrasburger
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@abel11, assuming the price does not have a monthly close below that top declining trendline, I'd give this an extremely high probability for hitting that target. Keep in mind, this is a long-term monthly chart and that is a ~3 year target (still could happen sooner).