PH2 Chart Technical Analysis, page-187

Howdy

WEEKLY

Confirmation of new uptrend has been given in the weekly timescale, which is great. It was given back week ending 13th when the bar closed solidly over the downtrend line. That downtrend line copies the previous pump n dump from early/mid 2021.
I was a little nervous about it as it punches strongly down through the .618 fib line which meant fresh air to the bottom, but a new rally is confirmed having moved back up above the 0.618 line. A patient buyer will put a buy in at 45c and wait for it to hit, which i think it will over the next week or so.




Daily
This shows that currently prices are strong and not the right time to buy in. Need to wait for that Stoch to come back down - could be over the next week or so.

I would use macro events such as upcoming US jobs, inflation and FED speeches to pick up more PH2 for the long term.



Now, if other holders can provide updates on any upcoming announcements which might throw a spanner in this TA, that would be appreciated. Because what TA can not do well is advise what the SP will do when price sensitive announcements come out. The above analysis is only true for all things being equal.

If PH2 drop a H2X car update or something, bin this whole post and just buy buy buy haha.