Trading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect.
The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above...
While other precious metals are in clear down trends since mid-2011, the palladium market has always remains well-bid thanks in part to its relative rareness and the fact that it has similar industrial qualities as that of platinum at a lesser cost. Looking at the long term chart of palladium futures, I get the sense that this metal is getting ready to rally this...
PA broke the channel, completed the shark and wave3 on 5-0 for a ret. into 50 fib of this leg down. PA might ret. to test the breakout and channel boundary.
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order.
Should be self-explanatory. I would be interested in any educated conclusions.
Palladium / USD - is looking very bullish.
Four Tentative Up Trendlines.
The last most accelerated Tentative Up Trendline is pushing the price up fast.
Two Resistance lines ahead.
If the price is not breaking the 4th most accelerated Tentative Up Trendline and it gets to the Resistance Lines, price may get exhausted.
If you are Long, taking some profits at the...
