PTM Platinum Asset Mgmt (ASX) Monthly 2
Monthly chart has clear 5 wave move into longer term bullish fibonacci cluster level
This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this...
I'm looking at the longer term bullish bias, so wont be trading this as a short to medium term trade...
Full disclosure... I already have a position in this stock within the last month or so
This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this...
I'm looking at the longer term bullish bias, so wont be trading this as a short to medium term trade...
Full disclosure... I already have a position in this stock within the last month or so
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.