Palladium Diamond

After breaking out of the triangle as expected in a Feb post, Palladium was volatile last month but traded above the triangle. The metal then formed a tiny 5 week diamond pattern, which is breaking out today confirming the initial triangle thrust. Implied target is $835. Stop @ 779.

2palladium

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When A Diamond Sends You Running for Cover

Eaton Vance Corp (EV) has completed a rare diamond pattern. Diamonds usually signal reversal and the end of  an uptrend which on EV started late 2008, which equals to a 5 year bull market. Implied target is 30.50.

EV

EV


Shirts On Sale

Phillips-Van Heusen (PVH) has completed a 3-months rare Diamond Top, which coincides with the end of the broadening top trendline. First support is the gap at 112.

PVH Daily

PVH Daily