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1NVESTRHODIUM ETF1NVESTRHODIUM ETF1NVESTRHODIUM ETF

1NVESTRHODIUM ETF

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ETFRHO trade ideas

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 the win/lose ratio was 2:1 (taking profits also at the heigth of the ascending triangle, whatever comes first), but it didn't reach the target. A candle with a big downward wick formed 12 weeks after the entry point (a "shake out"). Notice that the lines were drawn taking into account at the candles and not at the wicks.
JSE:ETFRHOLong
by RAD2003_DRV
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 metals). Currently South Africa mines 70% of the world Rhodium . none of this come from opencast mines and nearly all of its production come from conventional narrow tabular ore bodies. South African investment into new products has not been there since 2008 and many mines now has a declining production profile . The world space has new new projects in the pipeline and there is now doubt that the market demand will run out of supply . Alternatives will take time. So this is the start of one of the biggest supply deficits seen in the precious metals market in history. The short term is under pressure and no one can predict the market short . South African production was in complete shutdown as all mines was closed ...producing rhodium so maybe lack od demand has been balanced... Although there is fear of a second wave restricting the demand , South African mines is now only operating at 60% capacity and the South African Covid cases is on a exponential up ward trend ..peak projected at around September . this will keep supply constrained . The next 12 months will be interesting but what is unavoidable is the supply shortage ... The entry point for Rhodium might be something to consider after doing your own research. My take is will will make a investment Now and again in the next few months. The price will go as high as $ 16 000 /Oz within 3 years .....please share with me your ideas if anyone is following this market.
JSE:ETFRHOLong
by Mashithembe
4
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 to go clean by 2050, and so investors are looking to buy in early as demand is set to increase. However we are now looking at a possible recession and a possible pandemic and so obviously the demand for now will be put on hold. I will be looking for an entry that likely touches the parabola for a third time which is the safest entry to make when trading parabolas as obviously they do not conform to regular/traditional technical analysis.
JSE:ETFRHO
by Freud_Mayweather