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#Palladium Wave Analysis For 10 February, 2019 SPONSOR: New Age Metals $ $ $ $ $ $GLEN

Posted by AGORACOM-JC at 4:58 PM on Monday, February 10th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium Wave Analysis 10 February, 2019

  • Palladium reversed from support area
  • Likely to rise to 2400.00

Palladium recently reversed up from the support zone located between the key level 2155.00 (low of the previous short-term correction 4), lower daily Bollinger Band and the 38.2% Fibonacci correction of the pervious upward impulse 3 from December.

The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer.

Palladium is likely to rise further toward the next resistance level 2400.00 (top of the pervious impulse waves 3 and (i)).


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