I looked for a chart thread but didn't see one, so here we go. I thought it worth a look at a couple of longer term charts for PGM to give some perspective on current SP movement in a broader context. It's had a big beat down, this, but you can see that the worm has turned. The sale of, but retained interest in Skaegaard, current drilling at Munni Munni, the conditional agreement to acquire the Challa Gold Project in W.A and the low level but persistent noise about Scandium is some of the FA behind the recent rises in SP. The 3 year, 1 week chart shows you that the SP has recently busted through a couple of resistance points at the start of this upturn. The 5 year, 2 week chart sees a sort of convergence of 50 day MA and triple resistance at around 4.5/4.6c. If it goes through here, it gets exciting. @pustayo piqued my interest in the chart with his mention of a Bullish Pennant, and whilst I don't think we quite have one of those, I reckon the FA and the TA look really juicy right now.
PGM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
