Opted for a palladium futures due to the gap risk $SBSW faces
To be fair, with opportunities like this, I would have opted for a palladium futures contract instead, due to the gap risk $Sibanye(SBSW)$ faces, as it's always influenced by the previous day's palladium trading.
It's similar to the analogy of trading $KraneShares CSI China Internet ETF(KWEB)$ versus CSI300 futures.
No doubt both charts have a saucer base like pattern
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i do get very interested and aggressive at those historical MMTW oversold level. I don't wait for 2nd rally move to get in, but my exposure will begin first at ETF level so the ETF have to setup first
the rationale of MMTW S5TW NDTW R2TW is the sea of stocks in the various indexes deterioration under 20-MA. If you have practice of finding setups above 10 & 20-MA, those itself are already in RS mode, and you may be looking at a extremely lucrative opportunity at MMTW oversold levels
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