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Forbes reported ETFs of physical platinum shares have entered oversold territory.
Forbes reported ETFs of physical platinum shares have entered oversold territory.
As quoted in the market news:
In the case of ETFS Physical Platinum Shares, the RSI reading has hit 25.5 — by comparison, the RSI reading for the S&P 500 is currently 41.4.
A bullish investor could look at PPLT’s 25.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.