PLG Platinum Group MetalsThis is a potential scenario of a falling wedge break out. This chart is a supplemental chart to my big picture arc chart.
PLG
PLG before 206% increase.PLG before 206% increase. It can be seen from the analysis that the price movement started the construction of an ascending wave sequence from the end of the second accumulation phase. It can be seen that in the accumulation phase, he built 3 wave sequences. It may follow that the construction of the 3rd wave in the accumulation range has also been completed. It can also be seen that the two accumulation regions form a fractal. The fractal rule is fulfilled by the shape. The percentage of the two accumulation ranges is the same, but its size is double. I have talked about this a lot in his analyzes. This is due to logarithmic vertical scaling. In other words, the dynamics of price movements (accumulation range) are the same in both cases, regardless of the value of current prices. This, in turn, suggests that the rise should continue with similar dynamics. So with the same percentage (267%) and double the size. Continuing the logical course, this means that the price movement of PLG shares may start to rise sharply. Target price: 12.86usd I would like to draw your attention to the fact that the current analysis is a fractal-based technical analysis. You can’t ignore the fundamental fact that this company is a “start-up” mine. With one of the largest palladium layers in the world. The fair value of its shares is 4.51 usd. Which means the company’s current pricing is perfectly in line with market expectations.
PLG MINING LICENSE HAS COME.PLG MINING LICENSE HAS COME. One of the largest palladium layers in the world has been discovered in Waterberg County, South Africa. After several years of preparation, the last and final mining permit arrived today at dawn. The price movement reflected it well, as a rising fractal structure had already been built before it. Currently, a second accumulation phase was moving before further rise. I assume that the ascending wave sequence shown in the drawing is further constructed. With the support of the fundamental background. Target price: 12.86 usd
PLG rise again.PLG rise again. It can be seen from the analysis that the price movement may turn from the lower level of another accumulation range. In recent weeks, the fair value of PLG has fallen below from 5.62usd to 4.62usd. This is due, among other things, to the fact that the number of shares issued increased by 11 million. It currently has 72.21 million shares. I note that the company’s debt is steadily declining. Therefore, dilution is not visible in the share price. But let’s get back to technical analysis. I assume that the fractal repetition seen in the analysis can occur. This means that the previously seen accumulation range is repeated at twice the size. Therefore, it is an excellent opportunity to move from the current level to a long position. In the event that the accumulation phase is repeated, it can be assumed that as the accumulation phase rises, the price movement can also cover twice the distance. In this case, the target price can reach the level of 18 usd. This represents an increase of 370% from the current level.
PLG fair value back testing.PLG fair value back testing. In many cases, the technical phenomenon in stock markets is that a stock tests its own fair value back with a symmetric wave sequence. Before another big rise. We can also see this phenomenon in PLG. The fair value of the PLG share is 5.34usd. This level transformed into the wave axis of the next wave motion. Therefore, I assume that a symmetric wave motion with a support level of 4.44usd is built on this axis. Then we turn north from this level again and see a further rise with a target price level of 10.77usd.
PLG let's look behind the graph.PLG let's look behind the graph. A Platinum Group Metals LTD. It is an explorer of one of the largest palladium mineral layers in the world. This mineral layer is located in the Waterberg province of South Africa. Palladium could be one of the success metals of the years to come. Target price can be up to 4000 usd. The future value of the palladium and platinum layers of the Waterberg mine is estimated at $ 40-50 billion. In 2018, PLG submitted a mining permit application to the South African Ministry. The opinion has appeared in social media in recent days that the PLG insider transaction has intensified significantly, so it can be assumed that the mining license may arrive this year. In 2018, PLG’s management prepared a mining feasibility plan based on automated robot technology. This keeps mining costs lower than competing miners. From the side of Chart analysis, it can be seen that the waveforms found in 1, 2, 3, (purple rectangles) are very similar. These suggest that PLG’s management is consciously building up the share price with insider trading. If we look at yesterday’s insider trading then 95% of yesterday’s total stock trading was accounted for by insider transactions. For investors, this means that a serious company is starting to recover. It is worth considering the company as both a long-term and a medium-term investor. The chat also shows that current insider trading has created an accumulation phase. From this accumulation phase, a further rising wave sequence is expected at a target price of 11 usd.
PLG Hype sequence. 0.1.1.2.3.5.8 .......PLG Hype sequence. 0.1.1.2.3.5.8 ............. A wave sequence based on a Fibonacci number sequence. In the case of this as well, the ascending wave sequence seen in the analysis may be formed. We are currently in the doubling phase. This means that the wave sequence numbered 2 is exactly double the previous sequence. I signal that both NIO and Tesla started like this. In case my analysis is correct the next target price is 9.52 usd.
PLG this is not PUMP and DUMP.PLG this is not PUMP and DUMP. Although in technical terms it currently appears to be, in my opinion, it is a wave cycle transformation. In case my analysis is correct, we are currently in an accumulation phase. This section connects two rising wave cycles. After the accumulation phase, another rising wave cycle is expected. The next level is 7.50 usd. 85% increase from current level.
PLG before 93% increase.PLG before 93% increase. Shares of Platinum Group Metals showed an unusually high volume during the trading after hours (AH) period on Friday. This could be a sign of a further rise. It can be seen from my analysis that the motion of PLG is a fractal motion. size of the first fractal 1: 1 mapping. Since you are copying exactly so far, I have reason to assume that copying can continue exactly. What it means ? That Friday night’s AH motion is not a random motion, but the beginning of a rising wave sequence. If we look at the analysis, we can see that we expect a 93% increase from the current level in a copy. Target price 4.10usd.
PLG : There is a clear breakout herenew highs or confirmation ? that's the matter.
I will be watching for a confirmation here.
( my personal view, not a trading advice )
PLG About to gain 50%Looks like PLG is breaking out of a Pennant and getting ready to gain about 50% this month (hopefully)
PLG Listen.PLG Listen. PLG is a palladium mine under construction. Waterberg County, South Africa. In recent years, the planning phase has caused many disappointments to early investors. But in recent years, events and investment have accelerated slowly, but he is starting. The palladium layer on which the mine is installed has one of the largest dimensions in the world. The mine can be profitable for 45 years. Let's go back to the analysis. The exchange is now building the 3rd accumulation fractal. Therefore, a significant increase in PLG stock is expected. The 3rd level of accumulation fractal and the target price is 4.32 USD. This could be an increase of nearly 62%.
PLG (Platinum Group Metals) .. long.PLG (Platinum Group Metals) .. long. In the long run. The exchange rate may be ahead of a significant rise. The analysis shows that it builds very regular accumulation bands. Let's call it an accumulation wave fractal. It is seen that it is ahead of the completion of the second fractal and that it is possible to cross a much higher accumulation level (3). It is also important to notice that the valleys within the fractals rise along the mirror axis projected to the ATR axis of the monthly time frame. It may follow from this regularity that the exchange rate may begin to build another accumulation phase of greater amplitude.
PLG 55% rising pulse momentum... My current analysis is a continuation, so for the sake of clarity I will include the previous analysis. In short, the basis of my previous analysis is that I am expecting lane movement within the exchange rate. So far, the idea is right. My current analysis assumes that a higher momentum will enter the exchange rate. If the assumption is correct, the exchange rate may rise to 2.4 usd in the foreseeable future.
PLG accumulation band before rising... Based on the previous analysis, the exchange rate is likely to increase further. The extent of the rise may be the size of the current accumulation band. My guess is that the bar's upper level and target price will be close to fair value. This value is currently 2.61 usd.
PLG DFS is approaching. Up 63% Up 63% PLG is a platinum and palladium mining company. In South Africa, it is preparing to build one of the largest mines in the world in the Waterberg Province. Implementation inventories may be released within a few days. PLG's share price is ahead of the North outbreak. The exchange rate may be ahead of 63%. Target price is 2.86 usd.
PLG before 65% increase... If we look at the wave structure in the two yellow rectangles, we can see that the initial ATR is the same. It is also clear that at the same ATR, the exchange rate is currently the same distance. From this I conclude that the previous wave structure can be copied by the current motion. If my assumption is correct, the target price increase is 2.36 usd. (Fair value 2.96 usd)
Platinum Long IdeaLooks like Platinum is breaking out today. typically Platinum tracks with GOLD. Platinum hasn't moved higher with GOLD, until now. Hopefully it has a nice big run higher like GOLD did. Platinum ICL. I am trading the Platinum miner PLG to take advantage of this move.
PLG before 37% increase... The exchange rate movement is a bandwidth movement. No more volume. Nevertheless, I expect a 35% increase in the coming days. The rise target price is 1.72 usd.
PLG before 21% increase... The exchange rate reached a correction level of 1.37usd. I expect a rise from this level. The rising wave structure target price is 1.75 usd.
PLG 1.42 usd level 60% increase... The exchange rate comes to the limit of 15% indicated in the previous analysis. From the 1.42 usd level, you can pick up a rising position. The rise can be determined by the fracture formed on the ATR axis. In my opinion, a reversed fractal wave can be built. The target price is 2.30 usd.
PLG another 15% decrease... The exchange rate moves along an ATR axis. A reverse fractal structure builds on this axis. The target price is 1.41 usd. The current 10% drop is therefore not surprising.
PLG |Trading between Fib Lines, Multiple bearish IndicatorsTrading between 1.62 - 1.76 fib retrace lines.
Waiting for confirmation on the bearish indicators.
