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.
Recent 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?
Think 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...
PHE 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.
