Ran up $25 - then got bashed down $20 after the COT reporting cutoff.
Possible scenarios -
Quick desperate covering to remain capital ratio compliant? (Short squeeze?)
Quick pump to make the COT report seem like they are lowering their net short position? (Bull trap)...
The inverse head and shoulder pattern needs palladium to convincingly hold above $920 for validation then $1020 is possible.
I'll wait for the disaggregrated COT report later in the week to get a better idea.
CHN chart, page-8929
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Last
$1.06 |
Change
0.000(0.00%) |
Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3800 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 7963 | 2 |
View Market Depth
| Last trade - 09.50am 21/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
Day chart unavailable