Powerhouse Energy Group PLC Breakout in the next 6 Weeks Powerhouse Energy Group PLC at the Market Tradegate. Hello friends, I have found a top position here. Trade without risk x1, return 5500-6000% within the next 12-16 months. This starts with the current weekly closing, or shortly before. Potential is gigantic, but 100% realistic. When the red line is reached, another short opportunity arises.
Trade ideas
PHE Breakout and RSI Positive DivergenceRecent breakout of PHE - 50% on Friday after announcement meeting can be found on IG trading or other platforms. I play about wih this looking for some channels but then realised the RSI positive divergece building - aims itself firmly at the next earnings report- how will it play out? are we looking at retesting the highs?
Powerhouse energy Reward to risk ratioThink we will find support at the bottom of the rising trend channel which gives a downside risk of approximately 10% but worse case it could see a 30% downside if price were to drop below this support. Upside in short term is at least 60% meaning this has a minimum RR of 2 to 1 but most likely is a RR of 6 to 1.
News due which could propel SP upward to top of rising trend channel or even beyond includes announcement of new CEO, Financial close of the SPV at Protos, development partners receiving £18m loan from the local fund in Poland, PEEL exercising options for 371m shares giving £10m to PHE. Approval of planning permission for 2nd UK site in Scotland or any announcements from either Asia or Australia where PHE are active.
Powerhouse energy weekly chartPHE weekly chart. Big seller has artificially held back the price advance which would have been caused by the LINDE announcement at COP26. Don't think it'll be too long now before we're retesting 12m highs. Lots of news due. Energy from waste.
PHE weekly Looking good on the weekly candlesticks, appears to have hit an inflexion point and now bouncing back up
