Palladium 50% move up break out of wedge and over 200 EMA
Bullish case, price sitting over 200 EMA and broken out of the wedge it was in
If the reported shortages in the supply are true as demand is higher than current worldwide production then its positive for the price
Price does not need to stop it could go back to ATH and over if supply cannot meet demand for over 200% gains which might be a short squeeze and get there quickly.
Bearish case price will move back into extending the wedge pattern and for further consolidation
If the reported shortages in the supply are true as demand is higher than current worldwide production then its positive for the price
Price does not need to stop it could go back to ATH and over if supply cannot meet demand for over 200% gains which might be a short squeeze and get there quickly.
Bearish case price will move back into extending the wedge pattern and for further consolidation
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