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!


buddha trading said...

is there an etf to short that if it falls?

positiontrader said...

Check out PALL.