The PM1 chart is shaping up nicely. PM1 closed down 3.23 percent...

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.