ASXCharts - Platinum - Technical Analysis

All roads lead to Platinum..

22-June-2024 : Keeping It Simple with Price Action & Technical Analysis.

Very interesting development on the chart of PLATINUM on 17-June-2024.
Analysing the chart objectively, with an objective target using Point & Figure.

* The price corrected from the recent high it made on 17-May-2024.
* POSITIVES : It DID NOT breach the last lower low ( GREEN Support Zone), and instead we saw a BEAR trap pattern on P & F on 17-June, very close to that support.
* We now wait for the price to go above the BLUE line, and cross that 45 degree resistance line.
* Once these conditions met, we may be looking at a forecast target of around 1200.. as shown by the open count from the last "X" anchor column.

How am I using this information ? By looking at Platinum stocks on ASX and planning my entries.
Check this link : Platinum companies on ASX
Check the recent movement on stocks like Chalice for example.

** This is my personal analysis and may be wrong.. please DYOR and always use stop/loss.

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