In the hearts of TA. I thought I would start a charting thread for PGM.
We'll keep this pretty lax. I'm an amateur chartist, but am slowly learning from masters such as @Zenzen and @h00ts and am more than happy for individuals to pull apart my charts or contribute their own.
So a chart for a charting thread...
The MACD is showing an upwards crossover which is a buy signal, with volume starting to slightly pickup. Bolinger bands are starting to deviate apart, which is a sign of more volitility among penny / spec stocks, and typically happens during an upward trend.
There is a current bullish reversal undertaking (three outside up), so will be good to watch over the coming week.
Thought I would also include the current Fibonacci ratios.
As you can see from the below table, we're currently above the 0 ration fib point (not sure if that's the right terminology), but the next step up is 12.1 cents - the same price we were at earlier this year.
Ratio
Price
1
1.388200
2
0.889000
3
0.575656
4
0.453544
5
0.441256
6
0.418600
7
0.265000
8
0.217000
9
0.191656
10
0.169000
11
0.165160
12
0.146344
13
0.121000
14
0.073000
15
0.025000
16
-0.000344
17
-0.019160
18
-0.023000
19
-0.045656
20
-0.071000
21
-0.119000
22
-0.272600
23
-0.295256
24
-0.307544
25
-0.429656
26
-0.743000
27
-1.242200
PGM Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)