Today we’re diving into what to do with your stops in a runaway market 🚀📈
Just 4 days ago, we talked about the platinum market breaking higher — and wow, what a move it’s made since then. So, the big question is:
👉 Where do you place your stops now?
Here’s my approach:
🔍 First, I check the long-term time frame. We're heading toward 1348 — that’s the 2021 high, and likely a profit-taking level.
📉 Then I drop into shorter time frames — hourly, 30-min, 15-min, even 5-min if needed.
I’m currently eyeing the hourly chart, where the 55-hour moving average (green line) has done a solid job supporting the rally. It's sitting at 1227 — a reasonable area to consider for a stop, especially with little other support nearby.
Hope this helps!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Just 4 days ago, we talked about the platinum market breaking higher — and wow, what a move it’s made since then. So, the big question is:
👉 Where do you place your stops now?
Here’s my approach:
🔍 First, I check the long-term time frame. We're heading toward 1348 — that’s the 2021 high, and likely a profit-taking level.
📉 Then I drop into shorter time frames — hourly, 30-min, 15-min, even 5-min if needed.
I’m currently eyeing the hourly chart, where the 55-hour moving average (green line) has done a solid job supporting the rally. It's sitting at 1227 — a reasonable area to consider for a stop, especially with little other support nearby.
Hope this helps!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.