PTM trade ideas
PTM is expected to breakout higher soonstock has good fundamentals and is due to break higher in line with a higher gold price
PLG 63% increase.PLG 63% increase. The analysis is based on an important ATR rule. It is the relationship between the ATR value and the resulting wave sequence. It is now accepted that the value of the ATR can give a predictive signal for subsequent movements. If the ATR is high, we expect high market volatility. What is less well known is the impact of ATR on the size of the wave sequence that will form later. The theory here is simple. The basic principle is : the percentage change in the ATR of the previous wave sequence gives the percentage size of the next wave sequence. In our case, this means that the size of the ATR change of the previous wave sequence is 23.71%. The size of the next corrective wave sequence will be 23.71% exactly according to the rule. Now we see this. We have reason to believe that the second wave section of 23.71% is the last corrective wave we saw. We therefore expect a rise from the local bottom of this. Even though the current fair value of PLG shares is 4.6 usd but the ATR based calculations give a primary target price of :7.6usd with a secondary target price of : 11.28 usd we are buying the stock considering the good return risk.
PLGUnless this bull flag top TL does not continue to support the PA I will venture to say PLG is leaving a very long boring bear market.
PLG PLATINUM GROU METALPLG is still looking good. Waiting for spot platinum price to advance. Coiling in a triangle. Ichimoku CLoud needs lagging span confirmation
Platinum metals group - coiling over major patternGreat looking set-up here with tight coiling action. Went long today
PLG 148% rise ahead.
PLG 148% rise ahead. The current analysis assumes a further rise. The chart shows that the price action of PLG stock is moving up from an accumulation range. It can be seen that the width of the accumulation range was 39% below the local peaks, as in the previous case. This means that the wave sequence currently being built is a fractal of the accumulation movement seen previously. Furthermore, it can be seen that its size is twice the size of the previous sequence. These two conditions are the basis for fractals. From this we conclude that the rising wave sequence now being built will also be a fractal of the previous rising wave sequence. Continuing the train of thought, not only can the uptrend be repeated, but by the fractal rules mentioned earlier, the uptrend now being built can be a double of the previous uptrend sequence. The figure shows two dotted white lines. These are the ATR axes, which in both cases coincide with the axes formed by the local peaks. Currently, the second ATR axis is being back-projected. It can be seen that the backscatter wave is also double the backscatter wave of the previous ATR axis. From what has been described above, the following can be concluded. The PLG exchange rate is rising. It is advisable to consider taking a LONG position. Target price : 12.86 usd
PLG: BULL FLAG BREAKOUTPLG :
Nice bull flag breakout. Price heading to 1st resistance of 5.68 - 6 zone.
If we break the 6 zone, the flag target is around 9-10, which matches with past support-resistance zone.
Trade safe.
PLG PLATINUM GROU METALPlatinum price really needs to move above $1226 in order to have PLG advance farther. Since palladium price is hitting ATH I believe many car manufactures will substitute to Platinum for catalytic converters. RSI is in uptrend mode which is a good sign. looks like an entire PM sector is waking up after long consolidation period. This is 3rd attempt for this stock to break out of its consolidation framework.
PLG - LONG Bullish flag on the 4hr chart...Cup and handle on the weekly chart.
Entry: $4
1st Target: $5
2nd Target: $7
PLG before 85% increase.PLG before 85% increase. A Platinum Group Metald LTD. He is one of the largest holders of palladium discovery in the world. It is a licensed mine to be built in the coming months in Waterberg, South Africa. The analysis shows that PLG shares started to rise. It can be seen that the rise can move upwards from an accumulation range. I am currently expecting a significant rise. The figure shows two fractals. The current movement may already be part of the rising fractal. Target price: 8.56usd
PLG PLATINUM GROU METALLooks like we are dancing back around 50DMA. DXY is dropping down as I type it 91.78, which is a good sign for PM sector. We need break out in RSI resistance line and in a candle stick resistance line. Platinum just like uranium in a deficit production. Also US10Y and US30Y are dropping which is a good sign as well. Let's see how the rest of the week plays out.
PLG PLATINUM GROU METALTarget $11.91 with 05/26/2021 date to get us there. Resistance $6.50 - when we cross this resistance line - we go to the Moon. Currently #platinum is in deficit production and extremely undervalued
PLG Platinum Group MetalsThis is a potential scenario of a falling wedge break out. This chart is a supplemental chart to my big picture arc chart.
