Rhodium ETF 1nvest Fib StudyThis is a study on the Rhodium ETF 1nvest Fib Study.
Some support has been seen around the R650 level. But still early days.
Should this level be maintained, I've plotted the Fibonacci Levels to see where the Trend might be in a few years time.
NOTE: This only for Education Purposes and not any advi
Key stats
About 1NVESTRHODIUM ETF
Home page
Inception date
Dec 4, 2015
Replication method
Physical
Dividend treatment
Capitalizes
Primary advisor
STANLIB Collective Investments (RF) Pty Ltd.
ISIN
ZAE000210787
1nvest ETFs precious metal Exchange Traded Funds (ETFs) are designed to offer ETF unit holders a secured, simple and cost-efficient way to access the precious metal market.
Classification
Rhodium etf long $ssw $sbswThere has been some stealth buying of the Rhodium etf, an etf with low liquidity, but someone has been very careful to keep a low profile . For a few days now there has been some gap ups. Today there is a breakout. No doubt this will be subject to volatility, but a breakout is a breakout. Let's see
Symmetrical and Ascending Triangle w/SLSymmetrical triangles are signs of continuation of a momentum, and usually the target is the height of tha triangle's base, which it reached. There is also an ascending (bullish) triangle forming shortly aferwards in this 1W period chart. You can see the importance to place a Stop Loss: in this case
RHODIUM - Area of interest- After a successful long trade (link below) , Rhodium has come back quite aggressively and has entered a level of interest ...
- I will be watching for signs of support over the coming sessions to start building a long position IF price can find some bedrock
-- MANAGE YOUR RISK - -
Disclaimer:
Rhodium is heading for a total supply shortfall vs demand.Rhodium is not something traded widely and something not studied closely. What is clear is that the market is in deficit and not something that can be done to correct this . The bulk of Rodium is mined is South Africa . It is mined as a byproduct from Mining PGM's as 1 to 11% of PGM's (basket of met
Rhodium: Short in the short term, bullish in the long runRhodium, the beast of a parabolic commodity is set to take a nosedive as it's brothers Platinum and Palladium have done. The reason behind this is quite understandable: Palladium and Rhodium are very useful and very precious rare metals which help reduce carbon emissions. Many countries are aiming t
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.