Feb. 2 at 12:09 PM
$PLG
The chart for PLG looks strong. Recently, we saw a spike to
$4, which can be interpreted as a false breakout from the symmetrical triangle. On January 31, several stop-losses were triggered, causing a domino effect that led to lower prices across metals and stocks.
The good news is that PLG is still in an uptrend. This month, we expect a retest of the
$4 level. Additionally, keep in mind that DMRE is expected to announce by March at the latest whether PLG will receive an export license for matte concentrate to Saudi Arabia. If approved, I anticipate price targets approaching
$10.
