OTCPK:PGMFF - Post by User
Comment by
Welchspringon Sep 21, 2021 4:47pm
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Post# 33894097
RE:RE:RE:RE:PGM STANDS ALONE
RE:RE:RE:RE:PGM STANDS ALONEYou need to look at the pgm chart and look back in time to review support and resistance levels. If the stock price is in a downward trend you look back and identify candlesticks that top out in several locations. If you have a consistent number of candles that have topped at a price that becomes a support level. Once you have a support level you can apply a % range to acquire lower and upper prices within that range. The more candles you have at this level when you look back in time the stronger the support level.
The opposite can occur for establishing resistance levels.
Over the next month watch the market chart very closely. As I've stated several times the North American stock markets are in a corrective mode and will need to locate a bottom before the volatility begins to disappear. Panic will be a driver for moving all stocks downward. Once we arrive on the other side of the panic selling there will be plenty of bargains including precious metal stocks.