PALL trade ideas
Cup and HandlePossible stop below HL (handle low) or MC (Mid cup).
There was a throwback at last break of the cup pattern. A throwback occurs when price breaks long entry level for a pattern and pulls back underneath and is unable to proceed to targets. Throwbacks can hurt performance.
Price is not to long entry level yet.
There is also an inverse head and shoulders (blue stars).
The 50 daily moving average has crossed up and through the 200 and the 100.
No recommendation.
PALL Looks to be setting up short term bearishPall has seen a major bull run lately.
Volume is declining.
Divergence is forming but has bounced previously.
I understand that scarcity of this metal but it needs a healthy pull back before continuing further.
Additional real use and applications for this metal would help boost the next leg up.
Amazing Opportunity to buy $PALL b4 precious metal goes BOOOOM!What is PALL ETF?
PALL is first in the space that focuses on palladium exposure in an ETF. The fund tracks the movements in palladium spot price, by providing focused exposure to palladium held in JPMorgan vaults in London and Zurich. ... PALL is structured as a grantor trust preventing trustees from lending the underlying metal.
PALL resurgence medium termLooks like PALL is repeating a previous pattern. Very cyclic and resolves well with Williams Vix Fix. I see a local bottom that was supported with strong resistance from Aug 2021 to current. If growth is continued as anticipated, this commodity will rebound. If safe havens are sought, this commodity will also grow. Solid indicator data fitting PALL for a 20%+ gain in the next 2-3 months. Short term - I think the buy is in the 170-175 range within the next week or two.
For ease of interp - lime green indicates local bottom.
Just my thoughts.
Palladium - possible short play
looking like a possible adam and eve double top formation being printed on the higher time frames, we'll be looking for confirmation of the 205 to break to the downside for a move all the way down to the 172 area. however this support has held the last three times it has been tested, so we will look for the asset to continue to range until the current trend is broken and the pattern has printed and confirmed. Something to watch for potential downside. areas of interest shown
*cheers*
- Safe Trades & Happy HODLing -
Palladium: This precious metal has been stalled. Soon will rise?I favor we are now in a consolidation triangle. Often (not always) there is a Fibonacci relationships between the legs. In this case the '"c" on the daily chart is .5 x a. If e is .5 x c then we get the top of the target chart given. When the target area is reached and we get a price action sign of possible reversal I will go long.
Notice the positive reversal in the weekly RSI (RSI gets lower but the price stays up).
Process your way. If correct often there is a rapid rise out of the triangle.
Palladium fibonacci-break-outPalladium broke out of its downward channel, gapping, and landing coincidentally, at the 38.2% fibonacci retracement level.
$220 which is the 61.8% retracement level, is the next tested resistance.
A break above it, which good intraday volume, could potentially take the price to all time highs.
PALL raise after a fallbackAutomobile production drops due to COVID-19, therefore the price of palladium drops. As its used in catalytic converters. But as the productions resumes we might see a price raise of palladium. Plus as the laws get stricter about the pollution the price of palladium will rise, until there is a cheaper/better alternative, or production switches to electric cars.
Palladium: Correction in Feb/March then Rising Again in Q3Palladium is highly correlated to the SPX movement and Palladium's parabolic shooting star was essentially formed not only from manipulation, speculation and demand, but also, basically 6 months of upside momentum in the SPX.
The SPX in my opinion will likely undergo a deep correction in February and March overall - with some bounces along the way - before rising later in the spring months of 2020. Because of this, I believe Palladium will breakdown (overtime) to the pre-breakout level of the consolidation level which will be anywhere from 1850-2000 depending on the weakness in the equity market. In this case, I am looking for a minimum 15% correction off current levels of ~2280. However, closer to a 20% corrective cycle certainly cannot be ruled out.
Generally, I am looking for Palladium to correct anywhere into the 1850-2000 range.
This weakness in the market will be a good buying opportunity for Palladium (ETF: PALL) but not yet. I believe the SPX will inevitably get to 4000 based on further rate cuts (not a strong economy) and this will push Palladium parabolically higher again around late Q2 or early Q3 for the remaining of 2020 and into potentially early 2021. Inevitably, when a recession does happen (probably won't be widespread confirmed until sometime in mid to late 2021) this will send Palladium into a corrective territory of a 40% drop from the peak.
TLDR: Stay on the side-lines until the SPX shows strength in reaching ATHs, excluding fake-outs. This likely won't occur until sometime in late April-ish where it will regain momentum.
- zSplit
PALL, Aberdeen Standard Palladium Trust Physical - BreakoutAMEX:PALL
Another of our favourite patterns, the Cup & Handle, which this time breakout on the ETF that derived from Palladium, one of the commodities that we trade among metals, sometimes with Futures Contracts and other with ETFs.
In this case a pattern of continuation was formed in which the price tested twice the resistance and then had a breakout in an exemplary way after two higher highs retracements.
Objective number one is, as always, to protect our capital as soon as possible and then move the stop loss to the profit area.
Good Study and Trading at all!
finance.yahoo.com
$PALL - Time to Take Some Money off the Table?Palladium has had a fantastic run for 2019 so far, primarily driven by declining global supplies mixed in with rising global demand. In fact, as a result of this trend, the metal has been up 24% so far year-to-date.
However, despite this the stellar trend, recent price action has shown that the rally may be running out of steam. As can be seen, though the price has risen to a 2019 high of $151.35, its technical indicators have failed to follow suit. The SMI and RSI are currently showing negative divergence with $PALL price, as it appears that momentum is coming out of this rally.
As a result, though we think the palladium supply shortage will continue, the $PALL rally is looking a little stretched at the moment. Thus for investors who are currently in $PALL, we would recommend to take some money off the table, while those looking to jump in should wait for a pullback.
