Can PLT see a big turn around?
After earnings it appears the lower trend line has been broken and a pretty clear new trend has started this trend seems to be an accumulation trend. I expect that the amount of stock available to buy in this price range will gradually decline. The company seems to be turning itself around with not many people talking about it. During this time of decreasing supply I expect that knowledge will increase buyers possibly cause a price surge as sentiment goes up with few stocks available at these prices.
RSI, MACD and Stoch RSI also appear to indicate sideways movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.