PLG to $14 in Nov to gain over 4x? Accumulation Cylinder
Hello. I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point. We have a double back test from previous resistance. One long term finding support from previous bottom resistance Another short term indicating another possible reversal. RSI is showing momentum is about to break the current downward trend Current correction is testing the lower edge of the channel. Estimating that around November 12 we will see PLG at around $14 for a +4x gain. Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run This chart is full of good historic data showing strong potential for quick gains
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The 1.272 Fibonacci extension target is $14.14
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An attempt at labeling Wycoff Accumulation points
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Elliott Wave views
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Thinking the estimate is incorrect Watching a falling wedge Thinking next support is $2.34