PTM trade ideas
My TOP10 picks list in (Silver & Gold) Mining companies 4/10PLG Platinum Group Metals is not really a Gold or Silver Mining Stock (even if it has 1.25 M ounces of Gold in its reserves), however it is part of the Platinum Palladium complex and is a very compelling investment at this stage.
It has barely a 200 million MarketCap with an almost 20 MILLION ounces of PGM's !!!
It projects a 45+ mine life with a future production of more than 400'000 million ounces per year !! Moreover it has a very low production cost of about 650$ per ounce !!
There are so many things to say about this company. I suggest you go and have a look at their homepage and presentations.
Technically price has broken out of the bullish descending wedge that has been forming during the last 4 years. The breakout occurred in March 2024. After having taken out the 200 MA it has bounced off of it and is rising fast towards the 2 dollar mark. There is a significant price by volume cluster at the 1.65 $ mark. This has been taken out successfully !!
The last time price cleared the 2 dollar mark, it consequently shot up over six dollars in about 40 days !!
Will it happen again ??
COILINGI 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
PLG 500% rise ahead. PLG 500% rise ahead. PLG is a Canadian-based palladium and platinum mining company. The company owns one of the world's largest palladium deposits in South Africa. This palladium deposit is located in Waterberg County. It is located close to the surface and can therefore be mined at low cost. PLG's subsidiary PTM holds all the mining licences from the South African authorities. The mine was temporarily blocked by some environmental NGOs, but the objections have now been resolved. Construction of the mine could start soon. The Russian-Ukrainian war, which has caused the loss of nearly 30% of the world's palladium production, has become a pressing issue. Another factor that often causes concern is that starting a mine is expensive, so mining companies raise money by issuing shares at the start. As this means share dilution, initial share investors are hurt. They therefore avoid investing in the company. It was interesting to see that PLG has gone down a similar path, but a few months ago it was seen that it intends to raise external investors to cover the costs of building the mine, rather than share dilutions. The interest is significant. At a mining conference in Cape Town, South Africa, on 6 May 2022, the Japanese National Oil, Gas and Metals Corporation (JOGMEC) signed a sponsorship agreement with PLG's South African subsidiary (PTM), committing to advance the Waterberg Palladium mine project. www.meti.go.jp
Let's move on to the technical picture. The chart in the analysis shows a double fractal sequence. The green squares show the rising fractal sequences and the yellow squares show the corrective fractal sequences. Fractals are wave sequences with the same shape and percentage size. This is what we see in this case. Since the shape and percentage size of the corrective fractals are the same, we can assume that the rising fractal sequences will also be the same in shape and percentage size. This now means that we expect a rising fractal with a size more than twice the size of the previous rising fractal. In other words, the current exchange rate is on the verge of a near 500% rise. The target price for this is : 13.14 usd.
Long Swing Trade PLGwww.tradingview.com
Due for a bounce, sort of.
I like the idea as a safe haven asset. Mainly because it has been dancing along this major support level (close to a buck) for awhile. Any meaningful pop will pay.
PLG Platinum Group Metals Ltd 1DDivergence Spotted:
Divergence between Relative Strength Index (RSI) and Price Action.
Note the red and blue lines. RSI is strengthening, as price is pushed downward for a number of reasons, including, I think - the need for Platinum with all the Geopolitical saber-rattling this spring.
Going platinum on PLG. PLGGoals 2.14, 2.31, 2.40.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$PLG - ANOTHER ONE READY TO BLOWPLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons.
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Western Bushveld complex, South Africa. It also develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
$PLG Platinum Bullish BatBullish divergence at the .886 completing the Bullish Bat. Trying to hold above a critical level with a much higher low. Historically your first major target up is going to be about 5.00.
PLG LongBullish harmonic with type II Return. Bullish divergence on daily chart.
3 TPs at .5 / .618 and .786 fib levels with a SL at 3:1 R-R
$PLG Platinum Group Metals Investment of a decadeHello investors and speculators!
I think this is my first ever stock idea here, on tradingview.
Looking at multiple years and decade ahead - we have very unique opportunity to participate in this investment/trade.
This is surely not for trading rather investing. I believe Platinum/Palladium are going to play a big role in risk-off game this coming decade or so. Silver and Gold should do absolutely amazing too. Personally I started accumulating this stock recently and will add to my position every month :)
MAIN TARGET: $277 per share.
That's it, that's the chart :)
This is not financial advice! Take care :)
PLG may start to rise.PLG may start to rise.PLG may start to rise. Briefly about the company. PLG is a Canadian mining company established primarily to extract palladium and platinum. You could say that we are talking about a company that is still in the start-up phase. In 2016, the company discovered one of the world's largest palladium deposits in Waterberg County, South Africa. They obtained a mining licence from the South African Mining Authority, which was legally challenged by local communities in the area. A resolution period of nearly 190 days then began, with the aim of getting the head of PLG's South African subsidiary to reach an agreement with the local population. During this time PLG lost a lot of nearly 72% of its previous peak. According to recent leaks, the company's management has managed to reach an agreement with the indigenous population. This can be seen in the movement of the share price. Therefore, it can be assumed that by the end of the year, the mine engineers will return to the Waterberg layer and the construction of the mine will begin. This area contains one of the world's largest discovered deposits of palladium, platinum and rhodium. Mine plans indicate that the mine will be primarily a robotic mine with automatic extraction, thanks to the palladium layer at shallow depths below the surface. As a result, a low-cost mining operation could be launched. Given the significant commodity price increases expected in the near future, we are likely to see further increases in palladium and platinum. The mine life is 40 years.
Technical image. The analysis shows that the above news is slowly starting to feed into the PLG movement. As the trend has now turned in a positive direction for the company, I expect a further significant rise. The grey axes in the chart are the ATR axes. The D1ATR axis has been confirmed in recent days. Therefore a significant further rise is expected. Next target price : 4.91 usd.
PLG Daily Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
$PLG Platinum group entry #2 coming upIf you on't catch knives and you missed teh bottom, don't despair, looks like an enty may be coming right up!
#platinum
multi-level ih&S - I'll call it a palm tree structure
PLG potential 30xBuying shares of PLG at this confluence of trendlines and support. With platinum (XPT) currently being so undervalued while having bullish looking chart, I see this as potential 20-30 bagger. Great RRR.
Entry : 2
Targets : 10, 40 and 60
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
PLG has reached the bottom.PLG has reached the bottom. The chart shows that the fall in PLG shares has stopped. The fundamental background is that the construction of the mine in Waterberg County, South Africa, has temporarily stopped. In a South African court, civil groups have challenged the mine construction permit issued three months ago. PLG CEO Robert Jones has resigned after failing to reach a negotiated settlement with residents. He has handed over control of his company to his CFO, who is rumoured to be making good progress in reaching a settlement with the NGO groups. It is therefore expected that the construction of the mine will accelerate again. The Waterberg mine is building the world's largest palladium and platinum deposit. The future value of the project is significant. But there are still significant risks. If we go back to the technical picture, we can see that the success of the negotiations behind the scenes is starting to be priced in. I expect a reversal from the current level of 2.43 usd. The build up of another fractal which technically could be twice the size of the original fractal.
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello.
I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
Current correction is testing the lower edge of the channel.
Estimating that around November 12 we will see PLG at around $14 for a +4x gain.
Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run
This chart is full of good historic data showing strong potential for quick gains
PLG$PLG - I like what I see here. My previous chart shows that $XPTUSD currently outperforming $PLG so it is normal for $PLG to do catch up game.
#platinum #gold #silver
PLG_60fibPossible stock for the watch list decent adherence to the fib but needs some more momentum around earnings...
PLG 143% rise ahead.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 accumulation range shown in the chart. But it is not only the bottom that is more important, but also the fact that the price movement has moved above the ATR axis (white dotted line). It is not yet clearly visible, but it would mean that prices could be rising faster than D1ATR. In case this theory is correct, we can expect a rise from the current level. In the medium term, the first target price for a rise is twice the accumulation range. In this case 8.66 usd.
