Platinum corrected to pre-pandemic Trend and is following in this pattern.
3 strong pullbacks displayd with regression trends before breakouts.
Accumulated the last month for change of direction to follow trend.
Waiting on EMA to confirm Bullish action.
From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts,...
Consolidation period in short term last 2 months due to Production decrease in Motor vehicle industry. Recovery of industry is a given in future.
Compared to Platinum price the Support is strong and holding.
Strong support at 5443, resistance at 7430
Falling wedge shows that the trend is moving to a point where a change in direction is inevitable.
Production is up 40% FY21 on last Performance results published (29 APRIL 2021)
Production halt that may have material impact on financial statements is only 5% of total production for the period, although reasonable due to production increase.
If agreement can be made for the debt restructuring (13 JULY 2021) this stock can go very high, target 13.47
Above you can see the flags on the RSI respectively, the Fib channel shows that we are on the outer channels and is now on a critical point.
Support at 535, if the price declines below this point then its crash and burn for a while to the 377 level, until mr Musk can improvise some genius.
However if there is a bounce of the support then we are looking at a...
NPK to test resistance at 278
Balance sheet is looking good with current ratio 1.7252 and total assets 16.194B and total Liabilities at 8.309B. Revenue only down 23%
RSI suggests share is oversold.
NPK AGM at 9 Feb 2021, I suggest to buy at close range of support at 201 before this date.
Yellow vertical lines indicates the changes in market movement when GOLD chart is at trough.
The parallel lines indicate a mock charge, after the market traders realize that GOLD is at a low, bullish action follows backed by the DT+ and DT- intercept of the DMI.
The above movement occurred twice, indicated with the 2 yellow vertical lines.
It is my view that...
Current support line is holding, despite USA politics.
Previous break from consolidation 19 June 2020: -DT intercepts +DT
Per current DMI: +DT closing in on support
-DT closing in on +DT.
After intercept will show break from current consolidation period, I'm bullish on SSW after the break.
This is my first published idea. The regression line over the past few months shows short bursts of market recovery, opportunity to trade from below trend to above the trend. The downward trend will continue due to uncertainty in the oil market, I am hopeful for a long term recovery.