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Ruthenium
Jul 23, 2023 1:01 AM

Platinum (PPLT) rejects the 100 DMA.... Long

abrdn Physical Platinum Shares ETFArca

Description

Dollar fell last week giving a bump last week but the 100 DMA was a cap looking for the PPLT to test the lower bound of an envelope....This would be a possible buying opportunity when the stock market corrects and get to a more buyable washout. Maybe we test 83 then 79 and if really bad news strikes we could get way over sold to hit 78. with the weak dollar that would be an excellent spot to add.
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