platinum is in a downward channel heading to 740.
With lower lows and lower highs, it is a steady drop in a channel. Given the current Geo-political situation, the economic demand falling, issues with supply chains, the launch of solid state batteries for cars, platinum and palladium will see a falling demand, and therefore, a falling support price.
This is an indication of the businesses that will need to focus more on sustainability, and therefore look for newer sustainable revenue growth.
Currently platinum miners do not have the luxury of increasing revenues and improving prices.
I am short on platinnum.
Any additional comments and questions welcome to start a meaningful discussion.
With lower lows and lower highs, it is a steady drop in a channel. Given the current Geo-political situation, the economic demand falling, issues with supply chains, the launch of solid state batteries for cars, platinum and palladium will see a falling demand, and therefore, a falling support price.
This is an indication of the businesses that will need to focus more on sustainability, and therefore look for newer sustainable revenue growth.
Currently platinum miners do not have the luxury of increasing revenues and improving prices.
I am short on platinnum.
Any additional comments and questions welcome to start a meaningful discussion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.