Platinum (PPLT) rejects the 100 DMA....
Dollar fell last week giving a bump last week but the 100 DMA was a cap looking for the PPLT to test the lower bound of an envelope....This would be a possible buying opportunity when the stock market corrects and get to a more buyable washout. Maybe we test 83 then 79 and if really bad news strikes we could get way over sold to hit 78. with the weak dollar that would be an excellent spot to add.
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.