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Platinum

PLATINUM TO GO 'LONG' FOR YEARS COMINGAfter studying market on the Monthly (1M) view I strongly believe Platinum has bottomed out and headed up with indication of trend reversal to follow in the coming weeks. Last time the market hit this low was in 2008, however, came quite close in 2016. I highly doubt there will be much further downtrend below 760.99 but I do remain prepared for such a possibility. Price target to bottom out reached; 1st horizontal line in yellow - 803.58 2nd horizontal line in yellow - 760.99 Further downtrend & not so likely in my opinion; 3rd yellow line 596.34 4th yellow line 403.37 Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
TVC:PLATINUMLong
by Dani0
2
It's time to bet on platinumFor almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period. In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart. Firstly, note how Amplats is reacting to its 50-day EMA. It appears to be finding support at this level, which is a good indication that it could return to bullish momentum. In addition, looking at the Slow Stochastic, JSE:AMS is somewhat oversold at these levels. For this reason I expect the share to turn to the upside. Looking at the chart, I can't help but have a bullish view on Amplats and for this reason I will be going long on this stock. Action: Place a Limit order to BUY at R460 with Stop Loss set at R425. I will aim to take profit at R495 and R520 respectively. Margin: 13% Gearing: 7.69x Gain: +100.33% Risk: -58.53%
JSE:AMSLong
by UnknownUnicorn3689126
XPTUSD: Pull back completed. Resuming the bearish trend.Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214, B/BP = -2.800). 807.070 is the 1D support that needs to be crossed. Also watch for the Higher Low supporting lines (indicated in red). Short, TP = 792.940 and 756.550 in extension.
OANDA:XPTUSDShort
by InvestingScope
Major Platinum Long OpportunityPlatinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up. The Platinum price has bounced strongly off the all-time low support set in October 2008. I will be looking to take up a long position very soon and will hold that position until a price of 1,000 has been reached. This is not investment advice. I use these posts as a method of self-improvement in my trading. Good luck!
OANDA:XPTUSDLong
by StirlingBishop
GOLD: is Platinum anticipating Gold's move?Hallo again, following my previous post please find below the daily chart of Platinum that may anticipate a move in Gold. Remember that on the 25-26 September there is the FED meeting. Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a professional trader and these are my personal ideas only. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Thank you for following and for sharing your ideas. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara