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PLG

PLG 500% rise ahead. PLG 500% rise ahead. PLG is a Canadian-based palladium and platinum mining company. The company owns one of the world's largest palladium deposits in South Africa. This palladium deposit is located in Waterberg County. It is located close to the surface and can therefore be mined at low cost. PLG's subsidiary PTM holds all the mining licences from the South African authorities. The mine was temporarily blocked by some environmental NGOs, but the objections have now been resolved. Construction of the mine could start soon. The Russian-Ukrainian war, which has caused the loss of nearly 30% of the world's palladium production, has become a pressing issue. Another factor that often causes concern is that starting a mine is expensive, so mining companies raise money by issuing shares at the start. As this means share dilution, initial share investors are hurt. They therefore avoid investing in the company. It was interesting to see that PLG has gone down a similar path, but a few months ago it was seen that it intends to raise external investors to cover the costs of building the mine, rather than share dilutions. The interest is significant. At a mining conference in Cape Town, South Africa, on 6 May 2022, the Japanese National Oil, Gas and Metals Corporation (JOGMEC) signed a sponsorship agreement with PLG's South African subsidiary (PTM), committing to advance the Waterberg Palladium mine project. www.meti.go.jp Let's move on to the technical picture. The chart in the analysis shows a double fractal sequence. The green squares show the rising fractal sequences and the yellow squares show the corrective fractal sequences. Fractals are wave sequences with the same shape and percentage size. This is what we see in this case. Since the shape and percentage size of the corrective fractals are the same, we can assume that the rising fractal sequences will also be the same in shape and percentage size. This now means that we expect a rising fractal with a size more than twice the size of the previous rising fractal. In other words, the current exchange rate is on the verge of a near 500% rise. The target price for this is : 13.14 usd.
AMEX:PLGLong
by meszaros
2
Going platinum on PLG. PLGGoals 2.14, 2.31, 2.40. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:PLGLong
by Rykin_Capital
$PLG Platinum Group Metals Investment of a decadeHello investors and speculators! I think this is my first ever stock idea here, on tradingview. Looking at multiple years and decade ahead - we have very unique opportunity to participate in this investment/trade. This is surely not for trading rather investing. I believe Platinum/Palladium are going to play a big role in risk-off game this coming decade or so. Silver and Gold should do absolutely amazing too. Personally I started accumulating this stock recently and will add to my position every month :) MAIN TARGET: $277 per share. That's it, that's the chart :) This is not financial advice! Take care :)
AMEX:PLGLong
by Patrikas10
1
PLG may start to rise.PLG may start to rise.PLG may start to rise. Briefly about the company. PLG is a Canadian mining company established primarily to extract palladium and platinum. You could say that we are talking about a company that is still in the start-up phase. In 2016, the company discovered one of the world's largest palladium deposits in Waterberg County, South Africa. They obtained a mining licence from the South African Mining Authority, which was legally challenged by local communities in the area. A resolution period of nearly 190 days then began, with the aim of getting the head of PLG's South African subsidiary to reach an agreement with the local population. During this time PLG lost a lot of nearly 72% of its previous peak. According to recent leaks, the company's management has managed to reach an agreement with the indigenous population. This can be seen in the movement of the share price. Therefore, it can be assumed that by the end of the year, the mine engineers will return to the Waterberg layer and the construction of the mine will begin. This area contains one of the world's largest discovered deposits of palladium, platinum and rhodium. Mine plans indicate that the mine will be primarily a robotic mine with automatic extraction, thanks to the palladium layer at shallow depths below the surface. As a result, a low-cost mining operation could be launched. Given the significant commodity price increases expected in the near future, we are likely to see further increases in palladium and platinum. The mine life is 40 years. Technical image. The analysis shows that the above news is slowly starting to feed into the PLG movement. As the trend has now turned in a positive direction for the company, I expect a further significant rise. The grey axes in the chart are the ATR axes. The D1ATR axis has been confirmed in recent days. Therefore a significant further rise is expected. Next target price : 4.91 usd.
AMEX:PLGLong
by meszaros
4
PLG has reached the bottom.PLG has reached the bottom. The chart shows that the fall in PLG shares has stopped. The fundamental background is that the construction of the mine in Waterberg County, South Africa, has temporarily stopped. In a South African court, civil groups have challenged the mine construction permit issued three months ago. PLG CEO Robert Jones has resigned after failing to reach a negotiated settlement with residents. He has handed over control of his company to his CFO, who is rumoured to be making good progress in reaching a settlement with the NGO groups. It is therefore expected that the construction of the mine will accelerate again. The Waterberg mine is building the world's largest palladium and platinum deposit. The future value of the project is significant. But there are still significant risks. If we go back to the technical picture, we can see that the success of the negotiations behind the scenes is starting to be priced in. I expect a reversal from the current level of 2.43 usd. The build up of another fractal which technically could be twice the size of the original fractal.
AMEX:PLGLong
by meszaros
2
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello. I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point. We have a double back test from previous resistance. One long term finding support from previous bottom resistance Another short term indicating another possible reversal. RSI is showing momentum is about to break the current downward trend Current correction is testing the lower edge of the channel. Estimating that around November 12 we will see PLG at around $14 for a +4x gain. Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run This chart is full of good historic data showing strong potential for quick gains
AMEX:PLGLong
by KondrackiKarl
PLG 143% rise ahead.PLG 143% rise ahead. It has been a long time since I have done an analysis on Platinum Group Metals LTD. The reason was that investors were neglecting it, the price movement was slowly sliding downwards. However, the last few days have shown another opportunity. Indeed, the price movement is starting to return to a fractal path. We have reached the bottom of the accumulation range shown in the chart. But it is not only the bottom that is more important, but also the fact that the price movement has moved above the ATR axis (white dotted line). It is not yet clearly visible, but it would mean that prices could be rising faster than D1ATR. In case this theory is correct, we can expect a rise from the current level. In the medium term, the first target price for a rise is twice the accumulation range. In this case 8.66 usd.
AMEX:PLGLong
by meszaros
13
PLG 63% increase.PLG 63% increase. The analysis is based on an important ATR rule. It is the relationship between the ATR value and the resulting wave sequence. It is now accepted that the value of the ATR can give a predictive signal for subsequent movements. If the ATR is high, we expect high market volatility. What is less well known is the impact of ATR on the size of the wave sequence that will form later. The theory here is simple. The basic principle is : the percentage change in the ATR of the previous wave sequence gives the percentage size of the next wave sequence. In our case, this means that the size of the ATR change of the previous wave sequence is 23.71%. The size of the next corrective wave sequence will be 23.71% exactly according to the rule. Now we see this. We have reason to believe that the second wave section of 23.71% is the last corrective wave we saw. We therefore expect a rise from the local bottom of this. Even though the current fair value of PLG shares is 4.6 usd but the ATR based calculations give a primary target price of :7.6usd with a secondary target price of : 11.28 usd we are buying the stock considering the good return risk.
AMEX:PLGEducation
by meszaros
PLG 148% rise ahead. PLG 148% rise ahead. The current analysis assumes a further rise. The chart shows that the price action of PLG stock is moving up from an accumulation range. It can be seen that the width of the accumulation range was 39% below the local peaks, as in the previous case. This means that the wave sequence currently being built is a fractal of the accumulation movement seen previously. Furthermore, it can be seen that its size is twice the size of the previous sequence. These two conditions are the basis for fractals. From this we conclude that the rising wave sequence now being built will also be a fractal of the previous rising wave sequence. Continuing the train of thought, not only can the uptrend be repeated, but by the fractal rules mentioned earlier, the uptrend now being built can be a double of the previous uptrend sequence. The figure shows two dotted white lines. These are the ATR axes, which in both cases coincide with the axes formed by the local peaks. Currently, the second ATR axis is being back-projected. It can be seen that the backscatter wave is also double the backscatter wave of the previous ATR axis. From what has been described above, the following can be concluded. The PLG exchange rate is rising. It is advisable to consider taking a LONG position. Target price : 12.86 usd
AMEX:PLGLong
by meszaros
PLG before 85% increase.PLG before 85% increase. A Platinum Group Metald LTD. He is one of the largest holders of palladium discovery in the world. It is a licensed mine to be built in the coming months in Waterberg, South Africa. The analysis shows that PLG shares started to rise. It can be seen that the rise can move upwards from an accumulation range. I am currently expecting a significant rise. The figure shows two fractals. The current movement may already be part of the rising fractal. Target price: 8.56usd
AMEX:PLGLong
by meszaros
1