PLG rise again. It can be seen from the analysis that the price movement may turn from the lower level of another accumulation range. In recent weeks, the fair value of PLG has fallen below from 5.62usd to 4.62usd. This is due, among other things, to the fact that the number of shares issued increased by 11 million. It currently has 72.21 million shares. I note that the company’s debt is steadily declining. Therefore, dilution is not visible in the share price. But let’s get back to technical analysis. I assume that the fractal repetition seen in the analysis can occur. This means that the previously seen accumulation range is repeated at twice the size. Therefore, it is an excellent opportunity to move from the current level to a long position. In the event that the accumulation phase is repeated, it can be assumed that as the accumulation phase rises, the price movement can also cover twice the distance. In this case, the target price can reach the level of 18 usd. This represents an increase of 370% from the current level.
Comment:
Magnified analysis.