PLG 143% rise ahead. It has been a long time since I have done an analysis on Platinum Group Metals LTD. The reason was that investors were neglecting it, the price movement was slowly sliding downwards. However, the last few days have shown another opportunity. Indeed, the price movement is starting to return to a fractal path. We have reached the bottom of the accumulation range shown in the chart. But it is not only the bottom that is more important, but also the fact that the price movement has moved above the ATR axis (white dotted line). It is not yet clearly visible, but it would mean that prices could be rising faster than D1ATR. In case this theory is correct, we can expect a rise from the current level. In the medium term, the first target price for a rise is twice the accumulation range. In this case 8.66 usd.
Unbelievable, genuinely the worst thing I have ever done was to follow your ideas
ZenDegen
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Interested if you invalidated this idea when it dropped below the 3.52 level? Or could this just be a deviation?
meszaros
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@ZenDegen,
I did not cancel it. I maintain my long position.
olly48
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Terrible trade
meszaros
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@olly48, I agree. Although rather boring. Today the reversal started with a plus 10% rise. Should it continue we can expect a significant rise. These penny stocks require a lot of patience. Moreover, the fair value of PLG is low close to current pricing. Therefore some news will be needed for a further rise.
olly48
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@meszaros, yes, i stuck with it so thankfully it is back at breakeven now. Hope it continues
olly48
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down it goes again
bobbehull
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Good stuff. I have been reading your analyses. Though I use a differnt model than yours, I tend to agree with your analyses. Sometimes, they precede my conclusion, but that gives me a useful clue! Thank you, and keep up with your good work. I am sure a lot of people are quietly reading and appreciating your unique way of approching markets.
meszaros
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@bobbehull, Thank you very much. I am glad that many people read my analysis. That should be the aim. It would be very useful if you could share some of your analysis with us. No one can foresee the future. But many of us can contribute to perhaps understanding it a little better.
err1972
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That would be great if that works out. I will look forward to watching the future happenings. I appreciate your opinions. Thanks