ETPMPD etf chart
Nice spike in volume leading to the breakout from the Falling Wedge.
My Upside Target $220 - $300
i.e. 50 - 100%
On fundamentals, Palladium has moved into surplus,
BUT uses in Green Hydrogen technology add to the bullish scenario.
https://aheadoftheherd.com/palladium-and-palladium-one-at-the-forefront-of-new-hydrogen-economy/
(Main use so far has been in catalytic converters)
Also, having fallen back to almost the same price as Platinum,
loss of demand due to substitution of the cheaper metal
should revert.
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Palladium turning around...
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