Wt Physi Pallad Discussion Threads

[traderabc] 08/10/2011 12:24

Looks like that may have been a support level tested, it broke its trend-line of the last few years, but it may well have been a false break as it barely managed a day below it. A buy here (for the brave) The speculative money appears to have been washed out.

[bobdouthwaite] 27/9/2011 15:41

Perhaps, but I sold out when my stop loss was reached.

[traderabc] 27/9/2011 14:50

Perhaps it has found some support? I like to hope so.

[traderabc] 22/9/2011 12:37

Where are we heading?

Down? Some trend line support near here but this doesn't look good.

[bobdouthwaite] 22/9/2011 11:45

Support seems to have failed. Where are we heading?

[contrarian2investor] 16/8/2011 20:25

traderabc, yes trading range 70-80 ytd. Under-performance ytd in comparison to the previous 3 years. This pause will be lead to an explosion to 90 eventually. I remain invested in PDL, very volatile indeed.

[traderabc] 10/8/2011 09:56

Looks like that support was successfully tested yesterday, back up to 80?

[traderabc] 05/8/2011 10:54

This should find some support soon, unless of course we're going into a great big bear market for the next year or two.

[contrarian2investor] 27/7/2011 13:19

traderabc, I agree. Also keep an eye on US/European/Emerging Markets CAR SALES. If/when they start to all increase, then the Palladium price could rise above $900 easily. Here is a related article:

Palladium Rising as BMW Becomes Catalyst for Biggest Shortage in 32 Years

By Nicholas Larkin and Maria Kolesnikova - May 31, 2011 5:54 PM

[traderabc] 27/7/2011 12:45

Palladium could be testing its FEB high again before the year end.


c2i, now I'm thinking it may well hit its Feb highs in the next in the next week or two as it seems to have broken above what looked like a resistance area.
The big question is whether it can break through, I think it will if the other metals continue up. They all seem to move in tandem nowadays. What I'm looking for here is a support level being formed in the 78 to 82 area assuming this can trade comfortably above where it is today for a week or two.

[contrarian2investor] 27/7/2011 12:26

traderabc, slow recovery but it as enabled me to do a bit of trading from my sick bed.
Palladium could be testing its FEB high again before the year end. So PAL/PDL could indeed see $5.50.

[traderabc] 23/7/2011 11:25

You feeling better now c2i?

The PDL cahrt is looking good, you might see 5.5 by year end, well done.

[contrarian2investor] 22/7/2011 18:54

Hi traderabc, North American Palladium Ltd (PAL/PDL) heading back up also current price $4.49c.

[traderabc] 22/7/2011 16:38

Topping again?

[contrarian2investor] 30/6/2011 08:48

traderabc, very kind of you to share you experiences. I am hoping that this won't be a recurring problem. I have been working and playing too hard over the past 6 months. So I am hoping that by resting more and drinking less it will remedy the situation. The guys on the SHA thread also suggested AT. So if things continue to worsen I will definately find a teacher.

[contrarian2investor] 29/6/2011 19:49

Hi traderabc, long time since I have posted on this thread. I have not been blogging much this year due to work commitments. I am laid up with a back injury this week, so I have been posting and will do so until I return to work.

How is your trading/investments going? Have you been navigating the turmoil?

I recently restarted accumulating North American Palladium Ltd (PAL/PDL)again. Currently price @C$3.89c it has much more upside than SWC. I am looking for at least C$7 within 12 months.

[traderabc] 08/6/2011 14:30

Topping again?

[traderabc] 26/5/2011 13:33

Some palladium info.

Platinum Surplus Seen Jumping Eightfold After Japan Quake
By Jae Hur and Ichiro Suzuki - May 26, 2011 8:34 AM GMT+0100

The global platinum surplus may jump eightfold after Japan's worst earthquake slashed car production, reducing the country's demand to the lowest level in 28 years, said the nation's top refiner.

[traderabc] 30/4/2011 16:49

Thanks to c2i for these two articles.

Why Palladium Could Shine Brightly



Huge Gains Still Expected For Palladium and This ETF (PALL, WITE, PAL)

[navyan] 09/4/2011 11:05

no problem traderabc.

another level also need some attention highlighted on the chart is 62.3p, which is 50% of the end of B to the end of C, s significant Support/Resistance level. You want to be cautious if see a drop below.

so break&hold above 84.7p then it is making new highs and a break below 68P the recent support would suggest a test of 62.3p is inevitable. anywhere in between 68P and 84.7p then it is sideway correction market.

I'd like to point out, in my view, TA is the easiest part in trading. anyone who can identify Support and resistance on the chart will be able to do technical analysis. it is the psychology part that is the hardest to get right in this game.

so dont worry too much about TA, my suggestion for studying TA is keep it simple, Support/Resistance plus price action and little help from Fibs are powerful enough combination, they are easy to learn. no fancy indicators.

[traderabc] 09/4/2011 10:04

navyan thanks for your elliott wave charts, it's a form of charting I have no clue about though I've heard the Fibonacci retracement levels are often very accurate.
The 84.739 target area you've highlighted is most helpful as I have come to a similar figure using a different approach.

[navyan] 08/4/2011 21:49

traderabc, I read your posts on your thread, found them quite informative, thanks.

happened to saw your request on Matt's thread. and had a look at chart, seems to be well behaved with the Elliott Wave principle.

I am pretty confident with the 5 waves up wave counts, because of the fib confirmation on the wave 4 and the following 'Ending Diagonal' which usually appears in wave 5. and then we had abc in correction wave (A), so it is likely to be another abc up move to form a (B) then 5 wave down in (C) to form a 'Flat COrrection'.



On the weekly time frame though, it is a BIG ABC correction move, and A=C, so the next buy would be a STRONG break and hold of 84.7p for at least a week. as you often see 'false break' in Flat Correction(on the daily time frame). Best of luck.