COILING
Updated
I noticed this stock getting mentioned in a few different places online, it's been on my radar anyway as one of the very few pure platinum mining stocks. This intense coiling pressure in the price is getting pushed in between trendlines, moving averages, and supply / demand zones... I'm assuming it will resolve to the upside in a big squeeze, but the opposite can happen as well of course. Platinum prices are breaking out, but palladium prices are breaking down. If you take a look at palladium prices on a recent daily candle chart, it also coiled into a trendline but then weakened significantly afterwards. Very similar movement to PLG, although like I said my bias on this name is long not short. I will wait for a breakout before positioning. Good luck
Note
Looks like it's falling through support....Note
I don't like how it looks. Needs to break $1.50 for me to scout a short entry.
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