Just noticed the open this morning and the relatively large volume test of the lows and then got bought up. Now trying to form a low base and I think that theres enough resistance at 13.35 to speculate a buy could offer great r:r if it breaks this level on volume.
The man told me once, Leading stocks advance 7 out of 10 days from the pivot. This thing has advanced 6 out of 9 weeks.
A weekly close above $15 suggest to me higher from there. Gonna be interesting action. Leave it up to the sharpies to understand all the intricacies of the fundamentals. Im staying dumb.
PPK Group (ASX:PPK)
~ Manufacture BNNT at 99% purity and in commercial quantities
~ What is BNNT ?
Boron Nitride Nanotubes or BNNT's are considered the world's strongest and most ... Faster charging, superior battery life, next generation batteries for mobile .
~ Supply BNNT to select parties as the manufacturers of products with which BNNT may be blended or...
This stock broke out a couple of weeks as ago, as anyone who follows me knows. Given the commodities and Materials strength in markets this company has some very strong tailwinds at the moment. Can now produce 1kg a week of BNNT per unit. And they can build multiple units as demand builds. When is the LiS battery update coming? Anything positive in that area...
Longer timeframes base breakout setups are my preference. This stock has absorbed selling and based over 14 months below $6.90 and looks like a good chance of a push thru the 100 fib level. 161 Fib is my first price target.
Strong open after nice consolidation recently. Im anticipating a test of $6.70/$6.90 and then a flag. Not sure if it breaks through without a progression of the Li-S battery or not. So many BNNT things going on, its hard to anticipate what the catalysts are. Perhaps all of the BNNT markets as demand grows.
Lots of queries on the BNNT. Chart is trying to break out of this this range. Very hard to get set hear and can be moved around easily.
Caution if buying.
Was looking for the break of 4.25 and got it on volume strong volume today. Dunno if its linked to the Space-x flight? that would be a bit rich. But Mars has been mentioned.
But seriously, I look for levels I can manage my risk on and good to see this next hurdle get cleared.
Post Covid accumulation has been ok. Fair bit of supply above 4.05 and 4.25 to clear. Don't want to be too aggressive, as the stock is still below the 200 day. Let it work.
PPK has been building a long, low volume/low volatility base the past few months after a massive run up at the end of last year. A perfect cup and handle has been by passed with a gradual incline. 20 MA now above 50 MA. I love the look of it. See what happens in the next few weeks.
5 Month base, cup and handle on the 1h chart with volume coming in. $10 my first target based on 10 being significant... then on the old setup I have $12.
However, any positive production news, forget that target. Its BNNT.
PPK is involved in the manufacturing and leasing of mining equipment and is still up close to 800% over 12 months and that is after a significant pull back. Its price has been travelling sideways now for a little while and compressing quite nicely with buyers and sellers stalemated. I have an alert set a bit above the current price to watch for a breakout. Might...
