Man Stares at Palladium Chart, Ignores What He Sees

Per the NFTRH Trade Log on June 4:

Added PALL very tentatively. It feels like it should be part of a reflation play but speaking of a ‘play’, it has been played aggressively for years and to make matters worse, the “Original Uranium Palladium Bug” was pumping it into the early 2020 top. Still, I am giving it a shot here and disregarding the breakdown below the SMA 200.

I saw the drop below the SMA 200 and bought it anyway. That day ended up painting a hammer candle and today is tentatively pushing PALL above both moving averages. So far so good I guess. If this condition holds true and the moving average trends remain up then more men and women who stare at charts will stare at Palladium.