PLG trade ideas
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.
Waterberg Project is Advancing: Is it PTM's Time?PTM now seems like a promising investment for one of the first times in a long-time. With Palladium soaring into parabolic levels and Platinum on the up-and-up, the Waterberg project, that PTM is focused on advancing, is slowly moving forward.
This serves as a long-term investment as the company doesn't expect production to commence until roughly 2024, however, as long as positive news continues between now and then, the stock should propel forward. With Palladium highly correlated to the SPX, and with likely a strong bull market continuing for all of 2020 and at-least some of 2021, this could propel Palladium to 3000 or more and push this stock up for speculative reasons.
This represents one of the first positive EPS earnings results in a while and as a result, the stock has broken its long consolidated resistances where it could continue to propel higher due Palladium's price-tag.
While this stock has had quite a few sharp moves to the upside in the past and faded, this time it could represent a different outcome as it has been moving higher prior to earnings and created higher lows; it has also broken an extended cup resistance dated back since spring of 2018.
Once this project commences it represents one of the most lucrative reserves of Palladium and Platinum in the world. Definitely a stock to throw a small piece of your money in and hold it for years to come.
- zSplit
Other notes:
- Trading volume has been increasing significantly on the TSX
- Trading volume has significantly increased over the NYSE
- Hefty after-market volume
PLG up on heavy volumePLG jumping today with volume of selling minimal and large recent buying by hedge funds and private investors. Can only hope for repeat of 2014.
IMPUY AMEX:PLG OTC:IMPUY
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)
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.
PLG before 140% increase... Based on the previous analysis, the exchange rate started to rise. Based on technical parameters and changes, I assume that the target price may increase. The second rising wave of a rising double wave structure is built by the exchange rate, which may be equal in percentage, with the percentage of the initial wave structure (due to linear scaling). Therefore the target price can be 140% higher than the current level. Target price level is 4usd around. This may indicate a sustained increase of several months.
Platinum Group Metals Ltd. | Bullish Accumulation Zone.PLG,
They are poised to with the Waterberg Project Probable Reserve: 12.3 Million Ounce Palladium, Platinum, Gold and Rhodium, (4E)*
This looks to be a muli year play.
The price of palladium continues to rise and become more scarce.
Link to Waterberg Project
s1.q4cdn.com
PLG exchange rate before 44% increase... The previous analysis saw the phase of weak growth well. Therefore, following the movement of the exchange rate, we expect a more robust increase. Which can be a second wave of a double wave structure. The target is 2.36 usd. The current level is a 44% increase.
PLG weak rise...The exchange rate builds on a double rising wave structure. Low commercial volume, low ATR, low speed. The result of this is a weakly rising exchange rate, in which a sudden correction may occur. In our case, a 20% correction movement. This is worth waiting for. Then look for a long position entry. This gives you an almost 46% profit. The target for the second wave rise is 1.88 usd.
PLG's price before a 60% rise.. There is a wave structure in the movement of the exchange rate. This is far from the textbook Elliot wave structure, which is called sinus waves. The figure shows the axis of the fractal points (gray-blue) and the thick green axis that is the axis of the exchange rate and wave. Farther from the exchange rate. The reason for this is that there is very little short-term pressure, so the short-range ATR is very high. It's like diving in the depths of the sea with our high water slope. As far as the rise is concerned, it is the rising fractal point axis or the distance from the axis of the wave axis to the axial axis. The target price increase is 0.2560
All corrections to PLG should be taken into account... The exchange rate has begun. The primary target price is 0.2445. Then we expect an increase of 0.4294 This is a 130% profit forecast from the current level.
PLG next step 0.2445...PLG next step 0.2445 The exchange rate may continue to rise. By calculating a relatively large statistical probability, the next target price can also be specified. The distance D1 ATR measured at the turn is added to the distance of the upstream wave ATR. At this point, 0.2445 target values are obtained. We expect this to be the next raise level target price.
