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 |
|
