Hello investors and speculators!
I think this is my first ever stock idea here, on tradingview.
Looking at multiple years and decade ahead - we have very unique opportunity to participate in this investment/trade.
This is surely not for trading rather investing. I believe Platinum/Palladium are going to play a big role in risk-off game this coming decade or...
Platinum price really needs to move above $1226 in order to have PLG advance farther. Since palladium price is hitting ATH I believe many car manufactures will substitute to Platinum for catalytic converters. RSI is in uptrend mode which is a good sign. looks like an entire PM sector is waking up after long consolidation period. This is 3rd attempt for this stock...
Looks like we are dancing back around 50DMA. DXY is dropping down as I type it 91.78, which is a good sign for PM sector. We need break out in RSI resistance line and in a candle stick resistance line. Platinum just like uranium in a deficit production. Also US10Y and US30Y are dropping which is a good sign as well. Let's see how the rest of the week plays out.
Target $11.91 with 05/26/2021 date to get us there. Resistance $6.50 - when we cross this resistance line - we go to the Moon. Currently #platinum is in deficit production and extremely undervalued
