Waiting For Palladium To Breakout!
Updated
Palladium...
After their steep price surge in 2019 and beginning 2020 it is recently stabilizing itself.
I personally believe that this stabilisation isn't sustainable.
So waiting for an breakout is recommended.
I am a bit more bullish than bearish, but i want to wait for the breakout.
Technical:
"Explained above"
-rsi between 50 and 40 over a decent period
Fundamental:
Explained in one phrase: demand will recover fastly.
Best Regards
Christian Georgi
After their steep price surge in 2019 and beginning 2020 it is recently stabilizing itself.
I personally believe that this stabilisation isn't sustainable.
So waiting for an breakout is recommended.
I am a bit more bullish than bearish, but i want to wait for the breakout.
Technical:
"Explained above"
-rsi between 50 and 40 over a decent period
Fundamental:
Explained in one phrase: demand will recover fastly.
Best Regards
Christian Georgi
Trade active
UPDATE: Lack of trading volume makes it hard to determine a breakout direction. But i opened a small long position around 1920.Note
closed my position at 2279. Didn't want to get even more greedy. :DTrade closed: target reached
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