After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300 However, the rise is corrective and we can expect a new leg down soon. From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel. Bears hold the upper hand now and rallies...
PLG is still looking good. Waiting for spot platinum price to advance. Coiling in a triangle. Ichimoku CLoud needs lagging span confirmation
bottom of the range bullish on the hourly PM could rip
Sibanye Stillwater has had massive gains over the past year, it is now cooling off a bit, IMO. It needs to hold R64 otherwise it will open itself up to testing the next support line at the R55 area. It needs to break and close above R73 to ensure it doesn't print a lower high. However, It looks to be forming a bull flag - Which is indicating that this cool off...
PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market approached the daily structure and recently break above. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
XPTUSD Symmetrical Triangle Pennant Pattern
1. Monthly - breakout 2. Weekly - Bullish trianlge 3. Daily - ichimoku clout all systems good to go
Right now plat's doing big round in month chart, as you can see there are many signals to open L's. 1) Alligator 2) CHOPP 3) Woodies CCI Breakout repeats itself from time to time, look at Choppiness index and Woodies, can you see it? There are many strong supports and additionally right now half of crypto ppl are scared of keeping money in their market - we got...
PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Platinum looks the strongest, then silver and gold still needs some more work to do.
Major break from a very long yearly trend. Reversal confirmed with move to ATH and beyond. Metals are back!
Market cap: £336m Cash on balance sheet: $102.1m Net profit in Jan-Mar 2021 quarter: $43.1m You can quickly see how undervalued this company is, essentially running with a 1.5-2 price-to-earnings ratio so long as PGM prices don't fall significantly. Price action also extremely bullish. Chart seems to indicate clear route to the 140s.
Looks like Platinum outperforms both gold and silver at this point and time. I am long all 3 metals
Platinum will rise to 1800 before July.
Set Take Profit At Price Level 1699.916