Platinum
Platinum Futures at a Crucial Threshold The price of Platinum is currently trading near a major make-it-or-break-it point, whose further development entails excellent trading opportunities.
On the one hand, the breakdown of the price below the lower boundary of the Flag and the 100-day MA (in blue) signifies a potential correction to the 38.2% Fibonacci retracement.
On the other, the Stochastic RSI suggests that the market is oversold. Given that the price is also consolidating above the 23.6% Fibonacci at present, bulls can use this as an indication that the market may have already bottomed out. Hence, they can look for an opportunity to enter long right away
PLGUnless this bull flag top TL does not continue to support the PA I will venture to say PLG is leaving a very long boring bear market.
PLATINUM bounces over the support 🦐After the attempt to break the recent highs Platinum started a descending movement inside a counter channel.
The price, which is moving inside a major ascending channel, reached the support area over the lower trendline.
According to Plancton's strategy if the conditions will be satisfied we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Platinum could fall to 1000After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300
However, the rise is corrective and we can expect a new leg down soon.
From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel.
Bears hold the upper hand now and rallies above 1200 should be sold.
1k important support could be the medium-term target and a daily close above 1300 would negate this scenario
PLG PLATINUM GROU METALPLG is still looking good. Waiting for spot platinum price to advance. Coiling in a triangle. Ichimoku CLoud needs lagging span confirmation
Sibanye Stillwater Sibanye Stillwater has had massive gains over the past year, it is now cooling off a bit, IMO.
It needs to hold R64 otherwise it will open itself up to testing the next support line at the R55 area.
It needs to break and close above R73 to ensure it doesn't print a lower high.
However, It looks to be forming a bull flag - Which is indicating that this cool off period will precede the next bull run up.
My price target is R55 if it doesn't hold R64 - at this point I will back up the truck and load a massive LONG position.
Disclaimer:
I own Sibanye Stillwater shares.
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance.
The market approached the daily structure and recently break above.
According to Plancton's strategy if the conditions will be satisfied we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
PLATINUM XPTUSD1. Monthly - breakout
2. Weekly - Bullish trianlge
3. Daily - ichimoku clout all systems good to go
Platinum speculation. Try to notice dependence.Right now plat's doing big round in month chart, as you can see there are many signals to open L's.
1) Alligator
2) CHOPP
3) Woodies CCI
Breakout repeats itself from time to time, look at Choppiness index and Woodies, can you see it?
There are many strong supports and additionally right now half of crypto ppl are scared of keeping money in their market - we got May and BTC has not reached another ATH for a long time.
They are switching to a different, more stable market - this market.
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance.
The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
PLATINUM GOLD SILVER WEEKLYPlatinum looks the strongest, then silver and gold still needs some more work to do.
About damn time... the bear is back in hibernation!Major break from a very long yearly trend. Reversal confirmed with move to ATH and beyond. Metals are back!
Clear path to new ATHs for LON:SLPMarket cap: £336m
Cash on balance sheet: $102.1m
Net profit in Jan-Mar 2021 quarter: $43.1m
You can quickly see how undervalued this company is, essentially running with a 1.5-2 price-to-earnings ratio so long as PGM prices don't fall significantly.
Price action also extremely bullish. Chart seems to indicate clear route to the 140s.
PLATINUM GOLD SILVERLooks like Platinum outperforms both gold and silver at this point and time. I am long all 3 metals
