Since the last update, Sibanye is heading to the first target.
We have a long way to go, so you can see the update here.
There has been an Inverse Cup and Handle form on Daily.
This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income.
200>21>7 - Bearish
RSI<50
Target R16.89
ABOUT THE COMPANY
Sibanye Stillwater is a...
Palladium - 24h expiry
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 1355.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
Offers ample risk/reward to buy at the market.
We look to Buy at 1350.1 (stop at 1326.1)
Our profit targets will be 1410.1 and 1420.1
Resistance:...
Palladium, which hit an all-time high of $3433 in March 2022, has since experienced a major downturn, plunging below the $3000 support level and losing 34% of its peak value by the end of that month.
The downward trend persisted throughout 2022, breaching the critical $2000 level in October.
A significant bearish move in February 2023 further pushed the price...
Palladium - Intraday
The primary trend remains bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 1397.
Trading has been mixed and volatile.
Daily signals for sentiment are at oversold extremes.
We look to Sell at 1397.8 (stop at 1421.8)
Our profit targets will be 1337.8 and 1327.8
Resistance: 1400 / 1415 / 1430
Support: 1380 / 1360 /...
Analysis:
When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement...
We’re looking at the weekly chart.
We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424.
Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle.
This is where the price makes lower highs and bounces on the same floor level.
Now that the price has broken below the triangle, this...
Last time we looked into Palladium (XPDUSD) is was almost a year ago:
This time the price has formed a Channel Up pattern after breaking above the dashed Lower Highs trend-line form the October 04 2022 High. The price is exactly on the 1D MA50 (blue trend-line) now, near the bottom of the Channel Up, which makes it a technical buy. Our target is the top of...
Palladium - 24h expiry
There is no indication that the selloff is coming to an end.
We look for losses to be extended today.
Short-term oscillators have turned negative.
Expect trading to remain mixed and volatile.
The primary trend remains bearish.
We look to Sell a break of 1501.8 (stop at 1525.8)
Our profit targets will be 1441.8 and 1431.8...
Palladium prices have spiked following the invasion of Ukraine by Russia, the metal’s biggest exporter, yet stabilised further in 2022 as chip shortages and the push for electric vehicles (EVs) depressed automotive demand.
On the supply side, with floods and weather conditions overcome, analysts suggest a palladium surplus in 2023 is possible.
Where next for...
Palladium - 24h expiry -
The primary trend remains bearish.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
The bias is to break to the downside.
Our outlook is bearish.
We look to Sell a break of 1572.9 (stop at...
POTENTIAL BULLISH ENTRY
Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues)
Formation of bullish flag coupled (continuation pattern)
SL & TP Levels are defined.
Palladium has been consolidating over a strong support line for a couple weeks. Now it is trying to break the down channel. If it breaks we may see a quick 10% move which Palladium loves to do. Next strong resistance area is around 1600. If we manage to clear that region as well, Palladium may return those old strong days again. The main challenges in front of...
I've been waiting for the reversal on Palladium for a long time! We are seeing green on the weekly, but it might be a failed reversal. Regardless, one has to be in it to win it!
Palladium - 24h expiry -
Offers ample risk/reward to buy at the market.
We are trading at oversold extremes.
Trend line support is located at 1420.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look for a temporary move lower.
We look to Buy at 1421.2 (stop at 1397.1)
Our profit targets will be...
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Hi Traders
As we have been seeing very volatile markets in the past week, trading any direction currently is not easy. It is now, more important than ever, to stick to your strategy and do not let yourself be distracted from potential gains you are missing out on. The worst thing you can do to your portfolio is FOMO. Stay cool-headed and trade the obvious....
