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.