PM1 Chart & Technicals

The PM1 chart is shaping up nicely. PM1 closed down 3.23 percent on Wednesday, October 14, 2020, on 87 percent of normal volume -- it is consolidating nicely and is ready for the next leg up.

The ADX, +DI and -DI combined are showing a very strong signal. The Average Directional Index (ADX) measures trend strength without regard to trend direction. The other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction. Used together, chartists can determine both the direction and strength of the trend. Note that ADX is a slow / lagging indicator.

The trend direction in relation to the 200-day moving average, which is a timeframe where longer-term traders (investors) operate is up as is the trend direction in relation to the 50-day and 10-day moving averages, which is a timeframe where intermediate-term and short-term traders operate.




PM1 also hit a boomer buy set up on the 14th (in which the ADX must be more than 30 and the +DI more than the -DI). The next target is 5 cents for a $36M MC. We are already into blue sky unchartered territory above 3 cents. This is a sleeping giant at a $22M MC. Get set for an explosive 12 months.

T.E.P.