Monday, November 1, 2010

Chart of the Day

Today's Chart of the Day is PAL, a palladium miner. I have been posting about this one on twitter for quite some time. Has rallied from low 3s to 4.81 in the last couple of months with MA(20) providing support throughout. Made a move up today (on good volume) after a period of consolidation. Be sure to keep an eye on Palladium prices if you decide to play this.

According to the weekly chart below, where it finally made a move above weekly MA(200) today, it still has some room to continue with its climb up.

Take care and good luck!

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