Complex iH&SMulti-shouldered Multi-headed inverted head & shoulders with a bullish daily Cloud entry: accum when confident, add on breakout exit: 1.618 + measured move $11.80-12.69 stop loss: <R Shoulder $9.00 NFALongby IAmSatoshi1
only the keen eye can spot itHeck, even a two year old can see it. Palladium and platinum are THE investment of the decade IMO. Followed by silver/copper/gold in that order.Longby DollarCostAverage1
SPPP boom on the horizon? Here's a potential catalyst...Thesis: Russia/Ukraine tensions threaten to disrupt the global supply of Palladium- a precious metal used to produce semiconductor chips. Small chip producers, particularly in smaller countries like Taiwan, companies may not be able to get their hands on enough supply. Palladium prices may increase if that happens....Plus, from a TA perspective...check out the perfect inverse head-and-shoulders. This looks like a strong buy, and I'm hunting for a few more diversified bets to (hopefully) seize this opportunity. May the profits be with us all. Longby WealthHunters0
Sprotts platinum palladium ETF dailynice back test of the break out so far. TGT: 22 $PPLT $PALL by Veets110
$SPPP sprotts platinum and palladium Nice break out here on good volume. $PALL $PPLT $XBM.CALongby Veets113
Indirect short on palladium via SPPPNot a pure palladium play but it seems that SPPP moves very much in tact with PA futures and PALL Palladium ETF.Shortby UnknownUnicorn45845083
Palladium, It's Going to Be Fine...AMEX:SPPP gave me a scare this week when the stock plummetted, but it seems it will likely make a full recovery and continue its bull run, at least in the short term. The price of palladium and platinum are based on two things: supply & demand. However, it is more complicated than that. There is also market speculation on supply and demand which is often seen as directly linked to overall market performance. Overall market performance seems to dictate the swings of AMEX:SPPP so much so that the price of palladium has not caught up to the demand. It's almost like a lagging indicator - like the price is stubborn to move despite the demand. The result is that there are periods of recovery despite market movement. This is where we are now. Despite the SP:SPX and NASDAQ:IXIC having trouble today, palladium and platinum have regained their momentum, as investors saw this downswing as a time to buy, knowing the price was not matching supply/demand. Historically, AMEX:SPPP appears to favor the 89 EMA on the 30min candles for support in a downtrend and resistance in an uptrend, with the price frequently bouncing off this line. Similarly, spikes that surpass 80 on the RSI-21 have shattered that line of resistance on the main chart with a slow and angry tumble. This has not happened, and therefore, is new territory where the outlook is still strong. Palladium prices went up 0.85% today, while platinum was down. I suspect there will be a 50% recovery (seems to be typical for these types of dramatic short swings before a consolidation pattern and upswing) from the latest drop by the end of the week, end of tomorrow if we are lucky. That puts it around an $11.75 price target to sell high.Longby ValueMyAskUpdated 1