Is Palladium now good for trading or is he a good investment?
There are many reasons to put some precious metals in an investment portfolio, as well as to trade them in a shorter time.
Speaking about Palladium it is anticipated that supplies will be tight in years ahead, while at the same time, growth in industrial usage is expected.
This tight supply and...
As Trump said " we are locked and loaded", so and I am for this one cheap lady:)
The Blue line is the MA200 weekly price, which remains as the main support level.
My play in pre-market is a Buy with 1k shr, R/R is 2:5
The bullion hedge fund manager John Paulson Jr acquired 21.6M shares of CPE. The blue line is the 2014 price level. My play is to see will we have some contraction and then to jump in. Also worth paying attention is RSI 50 level, will the momentum holds or not above the same one.
My target will be near the Fibonacci level ( Weekly one)
This will be interesting! The price is highly overbought, according to RSI (H4 chart). The price level is under Gann line (weekly one). Fibonacci level 61.8( weekly) will play a crucial part in future price development. If the price in the next few days brea that level we can see DAX on 12500.
But, I dont expect to see DAX on that level any time soon.
Did you know that Michael Burry is long on GME?
Of course, that is not a reason for us to also pres a buy button, but if we look at redline which has a price value from 2003 lows, and on H1 MA200 which stand as a support line together with redline (RSI is at 50 levels here) we can wait for some price reverse and then take under consideration to go-ahead.
If you can't wait till October, don't short it, if you can, put your T/P at $49.75. Note, this is a daily chart. On a weekly, you have a bigger picture. For quick trade, H1, there you have a double top. HAppy hunting
You need to take a look at a weekly chart. My play is short with a target at 1382 and S/L at 1390
You weel see in next weeks that here at this tops Gold will make Head and Sholder. I mean you will see...who knows:)
I will take a closer look at MA200 price level and Fibonnachi 38.2.
On top of those RSI will give us a signal where the price can go.
On H4 time frame we can see some possible bullish development in front, and futures are green, at least for now