#GOLD #SP500 When asked to review #Sylvania, it occurred we very rarely pay attention to this, one of the Earths rarest metals. Spanish miners once regarded it as an unwanted impurity in the silver they were mining, a mistake unlikely to be made today. There’s something happening with the price of platinum and we’ll deal with that first.
Presently trading around the 950 dollar mark, Platinum looks very capable of heading to 1,030 next. If exceeded, we expect some stutters around our secondary calculation of 1,060 dollars. The price needs reverse below 930 dollars to provoke hysterics against these calculations.
If Sylvania Platinum share price intends reflect the change in fortunes for the metal itself, price growth now above 39.5p suggests coming recovery to an initial 43.8p. If exceeded, our secondary calculates at a longer term (or later that day!) 49p.
Achieving 49p is liable to be almost game changing for the longer term. If the share price manages to close a session above 45.5p, it enters the hallowed lands of “the higher high”. To us, this means we require extrapolate price movement from 2013 to calculate the force driving it for the future. While this sounds like complex mumbo jumbo, it’s fairly simple logic which implies, essentially, positive market conditions allow a long term attempt at 61p before we run out of numbers.
At present, the share needs below 32p before we’d feel our optimism is about to be trashed.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
10:07:03PM |
BRENT |
61.96 |
Success | ||||||||
10:08:51PM |
GOLD |
1510.43 |
1504 |
1499.5 |
1494 |
1512 |
1514 |
1516 |
1520 |
1504 | |
10:11:18PM |
FTSE |
7373 |
Success | ||||||||
10:13:32PM |
FRANCE |
5826.5 |
Success | ||||||||
10:27:39PM |
GERMANY |
13132 |
Success | ||||||||
10:30:52PM |
US500 |
3079.02 |
3073 |
3069.5 |
3064 |
3082 |
3086 |
3099.75 |
3135 |
3039 |
Success |
10:34:04PM |
DOW |
27458 |
‘cess | ||||||||
10:36:15PM |
NASDAQ |
8216.37 |
Success | ||||||||
10:39:29PM |
JAPAN |
23137 |
Success |