SBSW has undoubtedly been a very poor performer since the highs in March 2022, down 80%. However, as I see it, it has entered/formed a range from end of November 2023, where the low of $4 has been made, to a range high of $5.82, It is currently sitting at the range lows at $4.10. It has actually traded below the range low for a short time, but has quickly bounced...
Is platinum about to break out and never come back?
JSE:AMS fell to the potential support level, as shown in a previously shared idea. NYMEX:PL1! is weak and PGM miners are receiving hands from that weakness. Will there be buyers here?
allways buy under the 200d ema, I am so confident this will rise back up soon in the next couple of days. Gold will soon start rising as well. GLTA
The consolidation in Platinum Group Metals $PTM should see a nice breakout to the upside soon.
Factors 1. Price has experienced a very LT downtrend 2. Price slowly moving out of the upper LT trendline. 3. EMA is crossing 4. There is an overhead gap at 4.7c & 5.7 which I would be looking to target. 5. Potential fundamental catalyst 6. Recent increase in volume Possible Reasons For Failure 1. Base may not form 2. Prices may continue to downtrend 3. No...
Take a look at this chart showing how the safe-haven metal platinum has been underperforming and is now at major support. I expect money to flow out of the leader palladium and into platinum over the next few months. See Palladium chart:
Is this PGM's last hope before it descends into the depths of Hell?? :) In order to defend its Weekly higher low pattern PGM needs yet another bounce off its 200 Week moving average. It has closed below the moving average with every other moving average shot. 50, 100 day etc sma ema.. The Daily RSI is almost oversold but not just yet which could merit a bounce...
PGM coming close to previous support at 0.10 cent and even bigger support at 0.090. 20 period EMA currently acting as resistance. Plans for trade: Wait for PGM to bounce on support at either 0.10 cent or 0.090 cent. Wait for confirmation of EMA to Cross SMA before taking position Bullish indicators PGM is in a strong uptrend Declining Bear Volume on Monthly...