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DmitriMA

3,978 Posts.

247

18/03/24

12:25

Post #: 72939114
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Originally posted by DmitriMA: ↑

ETPMPD etf chart

Nice spike in volume leading to the breakout from the Falling Wedge.
My Upside Target $220 - $300
i.e. 50 - 100%

On fundamentals, Palladium has moved into surplus,
BUT uses in Green Hydrogen technology add to the bullish scenario.
https://aheadoftheherd.com/palladium-and-palladium-one-at-the-forefront-of-new-hydrogen-economy/
(Main use so far has been in catalytic converters)

Also, having fallen back to almost the same price as Platinum,
loss of demand due to substitution of the cheaper metal
should revert.

Expand

In addition to the breakout from the 2 year Falling Wedge,
there's also one from a 1 year Channel...

Chalice Mining (CHN) similar, over last 6 months...

Though now dealing with some resistance at 20 EMA.

Last edited by DmitriMA: 18/03/24
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0 Great analysis

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