Market cap: £336m
Cash on balance sheet: $102.1m
Net profit in Jan-Mar 2021 quarter: $43.1m
You can quickly see how undervalued this company is, essentially running with a 1.5-2 price-to-earnings ratio so long as PGM prices don't fall significantly.
Price action also extremely bullish. Chart seems to indicate clear route to the 140s.
Gold and silver have been the focus in the precious metals space but platinum just bounced off of 55DMA and broke out of a bull flag. The percentage gain these last few days has easily outstripped gold and silver. Depending on how conservative you are, we could land at 1400, 1650 or anywhere in between. 1400, 1500 and 1675 have all been significant areas of...
A few quite prominent analysts have bashed the idea that the campaign is behind silver's ascent, saying it was due a breakout. It is true, Silver was due a breakout as was Gold. Platinum has arguably broken out and fallen away. As the chart shows, I think Silver would have been slapped down like the other two (as has happened several times in the last few months)....
Sylvania has finally broke out of its channel its been in for all of 2020.
Chronically undervalued stock - history of 60%+ rev growth but with a TTM P/E ratio lower than its much larger competitors such as Impala Platinum.
Expect it to rally this week in the same vein as Tharisa (LON:THS), which rallied 80% in a matter of weeks, before ending the year at 200p+.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
PLG before 93% increase. Shares of Platinum Group Metals showed an unusually high volume during the trading after hours (AH) period on Friday. This could be a sign of a further rise. It can be seen from my analysis that the motion of PLG is a fractal motion. size of the first fractal 1: 1 mapping. Since you are copying exactly so far, I have reason to assume that...
XPTUSD (PLATNIUM) Possible Head and Shoulders Reversal Pattern
Long Period Of Consolidation
Wait for a break of this current consolidation and enter at the Head which is at 910.00 or wait for the confirmation of the Right Shoulder
Patience , let's see what price does
. There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Platinum/ USDollar is in a range bound and the beginning of uptrend is expected.
. The ascending flag taking shape suggests we will soon see...
Platinum has sold quite aggressively for the past couple of days.
We are back on that demand line we have been founding support for the last few weeks now.
If buyers continue finding value on these levels we will finally pass the high at 985 and eventually the higher resistance level at 1020
IF not next stop bellow is the 940s level .
As we can see on the...
Attempting to take that 0.618 fib level at 992 that we got rejected from couple of weeks ago.
That will negate the head and shoulders pattern shown on the right on the 4H chart,
Histogram on MACD on the right has a bit more way to go , staying on these levels it will just give a bearish divergence between A and B
Good news on the Daily -left - negative...
Failed to keep that higher high at "A" platinum heading south to find more value
Staying above 960 would be quite good as we will have just one more higher low on the chart which indicates uptrend.
Failing to hold these levels we are going to find support back to that buy zone at 950- 956 BUT we do have a head and shoulder pattern forming as well that doesnt...
Platinum looking good at the moment .
We just created a higher high taking the 0.5 level that we got stopped recently after breaking out of that descending channel,
Strong resistance above us the 0.786 fib level that also coincides with the resistance we found on those levels in mid January.
Platinum broke out of the descending channel as indicated by the bullish divergence on the 4h on the MACD
price got stopped at the 0.382 level , next stop upwards form here and once we pass this resistance is the first stop in the golden zone at the 0.5 Fib level as indicated on the chart .
Likely to see a consolidation next to this bottom reversal pattern as shown on the the Daily chart on the left.
on the right we see the 4hour chart where the price moves inside a descending channel giving a bullish divergence on the MACD , touching a buy zone of good support that has a bottom on 950 .