fair value back testing. In many cases, the technical phenomenon in stock markets is that a stock tests its own fair value back with a symmetric wave sequence. Before another big rise. We can also see this phenomenon in PLG
. The fair value of the PLG
share is 5.34usd. This level transformed into the wave axis of the next wave motion. Therefore, I assume that a symmetric wave motion with a support level
of 4.44usd is built on this axis. Then we turn north from this level again and see a further rise with a target price level of 10.77usd.