PGM coming close to previous support at 0.10 cent and even bigger support at 0.090. 20 period EMA currently acting as resistance.
Plans for trade:
Wait for PGM to bounce on support at either 0.10 cent or 0.090 cent.
Wait for confirmation of EMA to Cross SMA before taking position
Bullish indicators
PGM is in a strong uptrend
Declining Bear Volume on Monthly chart.
Targets on Confirmation longterm.
Remember to always lock in profits as a lot of other trader's will be selling at these levels so better to lock in profit before resistance levels.
T1 = .0135
T2 = .0160
T3 = .0175
Plans for trade:
Wait for PGM to bounce on support at either 0.10 cent or 0.090 cent.
Wait for confirmation of EMA to Cross SMA before taking position
Bullish indicators
PGM is in a strong uptrend
Declining Bear Volume on Monthly chart.
Targets on Confirmation longterm.
Remember to always lock in profits as a lot of other trader's will be selling at these levels so better to lock in profit before resistance levels.
T1 = .0135
T2 = .0160
T3 = .0175
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