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...
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...
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...
PLG :
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.
Platinum 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...
