Friday, April 23, 2010

Beware of a double top in Palladium

No doubt Palladium has had a great run for over a year now. I have been bullish on Palladium plays - SWC, PAL in the recent past and rightly so. But I wanted to bring attention to a very important level  - the 2008 highs - that Palladium is reaching dear readers and likelihood of a double top forming here. Expect to see at least some consolidation or maybe even a pullback at these levels. 

Below is the weekly chart and the picture tells its own story.


Take care and good luck!

2 comments:

buddha trading said...

is there an etf to short that if it falls?

positiontrader said...

Check out PALL.