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Platinum

A Turn in the Platinum Miners? Part 1 - IMP JSE:IMP Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. on JSE:IMP : - Golden cross & bullish confirmation on 1D MACD - Bullish divergence on weekly MACD - On Weekly: Crossed 5EMA and heading towards 15EMA - On Daily: Crossed 5EMA & 15EMA, and 5EMA is threatening 15EMA cross. What do you think - bottom in? Looks like a reasonable risk reward trade if you keep your stops tight. I'm looking to enter at R246 with a stop at R239, target R271 ... 3.5:1 UC
JSE:IMP
by unclecool787
6
South Africa (EZA) a good Precious Metals playPrecious metals (PM) have really struggled this week, with the following weekly movement in USD: Gold TVC:GOLD -5.65% Silver TVC:SILVER -7.17% Platinum TVC:PLATINUM -7.2% Palladium TVC:PALLADIUM -8.23% All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit of a recovery over the next week or two. Why is this important? Currently 24% of EZA consists of PM’s, which was the main reason for the recent pullback in the ETF. EZA finds itself at a strong support level and very close to EXTREME OVERSOLD levels according to its 14-day RSI. Should $48.50 not hold up, my stop loss would be at the 200-day Moving Average (EMA). This currently is $46.86. Should we see a bounce off the current levels, could see EZA test the 50-day EMA at 51.29 resistance, with a break and close above these levels, most probably bringing back new 12-month highs. I am somewhat worried about the negative recent momentum and will monitor closely
AMEX:EZALong
by SchalkLouw
2
XPTUSD – bearish continuation …07 June, 2021While Gold had been rising, Platinum has been on a decline recently. It did make a multi-year high on 16 Feb but fell back right away. Recently it has been consolidating within a channel and on Thu last week , it broke out impulsively below it. Friday’s price action was choppy (check out H4 chart) and I see it like a pullback to the channel bottom. I anticipate a bearish continuation in this metal with targets located at $1128 and possibly $1000 area. As always, watching the price action on a lower time frame before committing to a trade is advisable. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
OANDA:XPTUSDShort
by Trading_Vista
1
Platinum Futures at a Crucial Threshold The price of Platinum is currently trading near a major make-it-or-break-it point, whose further development entails excellent trading opportunities. On the one hand, the breakdown of the price below the lower boundary of the Flag and the 100-day MA (in blue) signifies a potential correction to the 38.2% Fibonacci retracement. On the other, the Stochastic RSI suggests that the market is oversold. Given that the price is also consolidating above the 23.6% Fibonacci at present, bulls can use this as an indication that the market may have already bottomed out. Hence, they can look for an opportunity to enter long right away
NYMEX:PL1!Long
by Trendsharks
1
PLATINUM bounces over the support 🦐After the attempt to break the recent highs Platinum started a descending movement inside a counter channel. The price, which is moving inside a major ascending channel, reached the support area over the lower trendline. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
12
Platinum could fall to 1000After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300 However, the rise is corrective and we can expect a new leg down soon. From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel. Bears hold the upper hand now and rallies above 1200 should be sold. 1k important support could be the medium-term target and a daily close above 1300 would negate this scenario
OANDA:XPTUSDShort
by Mihai_Iacob
3
Sibanye Stillwater Sibanye Stillwater has had massive gains over the past year, it is now cooling off a bit, IMO. It needs to hold R64 otherwise it will open itself up to testing the next support line at the R55 area. It needs to break and close above R73 to ensure it doesn't print a lower high. However, It looks to be forming a bull flag - Which is indicating that this cool off period will precede the next bull run up. My price target is R55 if it doesn't hold R64 - at this point I will back up the truck and load a massive LONG position. Disclaimer: I own Sibanye Stillwater shares.
JSE:SSW
by TalkingCents
3
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market approached the daily structure and recently break above. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
12
Platinum speculation. Try to notice dependence.Right now plat's doing big round in month chart, as you can see there are many signals to open L's. 1) Alligator 2) CHOPP 3) Woodies CCI Breakout repeats itself from time to time, look at Choppiness index and Woodies, can you see it? There are many strong supports and additionally right now half of crypto ppl are scared of keeping money in their market - we got May and BTC has not reached another ATH for a long time. They are switching to a different, more stable market - this market.
TVC:PLATINUMLong
by UnknownUnicorn15216778
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
8