I have been buying SPPP for several years now and have been cost averaging down. Platinum has been in a down trend for years. Finally, it looks like Platinum has bottomed and is in a new uptrend. SPPP has broken a long time downtrend line, popped above it and is now retesting. With gold, silver, copper popping higher and higher, it is only a matter of time...
BP is coming close to a long term trend line. If it touches this line the probability of it bouncing upwards shortly after touching or crossing is good based on historical interactions. Also, the RSI and MACD appear to be in the first stages of reversing direction. Probabilities would be higher once the MACD starts producing green bars on the histogram.
Picked up some more PBR today in my IRA. It looks like the selloff is almost done. The RSI and MacD appear to be rolling over. Granted, I am getting into this potentially a bit early, it would probably be be better to wait until the MacD crosses back over again, however we have bounced out of this level area before. If it drops down to test the $14.36 level...
