PGM 4.35% 2.2¢ platina resources limited

2020 all done for PGM, page-38

  1. 3,393 Posts.
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    Touching 5.1c already this morning takes it over an initial resistance point = good.
    If you zoom out here and look at the bigger picture chart I think it supports the idea of the very start of EW3 very nicely. Take a look at the 20 day MA crossing the 50 day MA combined with the current state of the MACD - it's a lovely technical convergence supported by, and prior to today's start.
    The previous Elliot Wave sequence from 2016/17 were pretty steep but very textbook in the way they played out over the course of the 18 months or so. I think PGM has started this cycle again and you can at least expect similar highs in a similar timeframe with wonderful trading opportunities along the way if that is your thing.
    https://hotcopper.com.au/data/attachments/2765/2765258-588cfd2ec1874bb4bc063cca65d10242.jpg
 
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