Start of new leg up

Welcome To The Eastern Platinum HUB On AGORACOM

South Africa's 6th largest PGM producer.

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CGB

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Start of new leg up

posted on Apr 05, 2011 09:38AM

Updated April 5, 2011 09:00 am

Eastern Platinum Limited (TSX: ELR) Eastern has been a favourite of mine because it has daily high volume and has provided decent gains over the last two years. I've been watching it now since the price Platinum has been falling and looking for a good entry as a position trade (longer than just swing). Looking at it's weekly chart last night I noticed that its time may have finally come. It is sitting on the bottom of the multi-year trend line and its indicators are now in the oversold territory. I've set an alter in my QuoteTracker to notify me when the price goes above $1.40 as I think this will be the turning point on Eastern Platinum and the start of a new leg up.

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