I wrote about this new platinum long alert this morning and wrote:
You can take the following position: platinum long. stop loss around 1200 or lower to be more on the safe side. I will add the chart later. Current price 1299This morning I just wanted to get the trade out fast. I saw yesterday that platinum seemed to be turning back up and waited till today to be sure. Well I'm back and here is the chart that I promised.
When you can make use of a turbo, please take the turbo with leverage 5 or 9.
We can see that:
- MACD is almost making a cross over. The blue line getting on top of the red line.
- the current price is above the moving averages of 10, 50 and 200 days.
- the daily trend is back up.
As I said this morning you can kick in a platinum long. For the traders who can trade Turbos please take the platinum long stop loss 1205. This has a leverage around 9.
The current price is 1312 so a profit of 1% without, or 9% with the leverage.
If you are not familiar with trading Turbos I will write an article about it, and maybe you will like it more than trading ETFs.
The new trade worked out fine, prices rapidly climbed to 1,336$ and then fell back to 1,313$.
ReplyDeleteWith the Turbo you could have locked in a profit between 15% and 20% if you exited the trade.
A previous bottom was around 1,312$ on the 6th of October and it bounced neatly back up.
Current price is 1,323$.
The MACD is just crossing over and is at RSI 61.41, so still not overbought.
The trend still is up, hopefully it will go over 1,336$.