NFTRH+; This Commodity Continues to Look Like a Bottom/Base [public]

[edit] I neglected to enable the password before posting, but decided to leave the post public, since subscribers have had a good head start of 8 days. Give the public a look at a brief NFTRH+ update as a key aspect of the overall service.

On October 2 we had an NFTRH+ update on Palladium, discussing the rationale for a low risk buy for technical, sentiment and seasonal reasons. On that day I added PALL (before the darn thing dropped again, but held the moving averages and support).

Yesterday, PALL (the ETF, not the Futures market) ticked a new high in the would-be recovery from the moving average test and is up in pre-market this morning. Some big volume came in as well, and that never hurts. As long as PALL holds those converged moving averages it looks like a bottom/base and upturn. Factoring in the seasonal and sentiment aspects, it remains a conviction trade, in my opinion.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.

Gary

NFTRH.com