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.
Sharing is Caring!
Mining stocks, along with Gold & Silver have been on a downward spiral lately and the reason I have not touched them is that there was no pattern to trade. Lately I have been watching the sector and one silver stock stands out having a decent Head & Shoulders bottom although slanting downwards. As shown below CDE is completing a 3-months H&S bottom with neckline at 14.64. A decisive close above the neck would trigger a possible target of 17.60. Check out this interesting link on mining stocks http://www.investortalkroom.com/silver-stocks-to-buy-this-week/