Palladium is quietly outperforming today, impressively.
The chart of the penny stock (but liquid) PAL shows a potential cup and handle bottom confirming today, with a potent buy volume pattern, after a very steep multi-year downtrend. The pattern projects a move up to around $0.80. To be sure, there is plenty of overhead supply to negotiate.
But I think a long-term starter position here, as well an aggressive swing, can be justified.
This ticker is an easy one to remember–Just think of that store worker who comes says “How we coin’, Chief? or “How we doin; Captain?” when we go to the register check out.
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And the metal has a beautiful long-term pattern. The only thing I don’t like is not knowning the extent to which the move in the metal is related to the FUD surrounding Russian news.
@purdy,it is.according to an article at zh,the ruskies supply over 80% of the metal worldwide. this is the proverbial set up of setups.if stuff goes south,and putin plays hardball,could easily see a buck.great call by c&w btw.
Promising set-up for CRUS. Liking the way it’s behaving today. Long here.
Mon Mar 24, 2014 1:17pm
“The chart of the penny stock (but liquid) PAL shows a potential cup and handle bottom confirming today, with a potent buy volume pattern”
Dearest Chess, Gilded Orator With Ironed Trading Fist::
The charting of a certain metal, PALLADIUM, is irrefutably similar in both endeavor and hallmark to the precursor of all earthly bliss, the trend, pre-breakout, post-whipsaw, post despair, pre-exhilaration.
The order from the Mountain top is in!!!
And so it is with the currently, with the market today the market of that which we cannot bear to look straightly in the eye, the deadpan gaze of a truly sick, sick entity which charm appeal and sadistic seduction at the ready, that we much compare this onerous slog to one of our shared favorite films: Speed 2: Cruise Control, starring the incomparable Sandra Bullock, the inimitable Jason Patric, all of whom get caught up in a complicated plan in Caribbean Island aboard a luxury cruise ship.
And so it is today, that we find ourselves, verily, aboard the luxury cruise ship that is the marked, trapped, while the heinous Geiger (the terrorist played by an ornate, yet stately, Willem Dafoe) hacks into our computer system, affecting an impending crash.
Thank you again and continuously for a marvelous blog, of which I sing the praises to my community.
Penned in accordance with decency,
Signed,
PELONOIS REPPE, your greatest fanne