Replies to post #286956 on ORIONS Money Stocks

[AugustaFriends]

PAL must break .52 if it does a nice 25-50% pop

[AugustaFriends]

$PAL a $5 target -- The five-year chart of PAL at the start of this article provides some technical direction for this trade.

The slow stochastic sub chart shows that PAL can reach $1.24 at .82 Break.

With its recent ramp up, investors who want to time an entry exactly may wish to wait for it to fall a bit more. However, the main chart shows that PAL has likely hit bottom in its long-term downtrend.


Fundamentals support this view. This means that PAL may be able to regain its $1/share, $2/share, and even its $3/share levels relatively easily. Even the $5/share level would not be a difficult journey. If something happens in the areas of Africa that are large miners of palladium, the price of palladium could rapidly shoot up.

This would give PAL a rapid big boost, but even without that PAL should be headed in a strongly upward direction in 2014 and beyond. Global automobile production is expected to rise by approximately 4% per year for many years to come. This should make PAL a secular growth story over time, especially since palladium is roughly half the price of platinum. Platinum is the other main catalyst present in catalytic converters, and many manufacturers are working to replace it partly or wholly with palladium.


http://seekingalpha.com/article/1925841-north-american-palladium-likely-a-multi-bagger