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Hey guys. I hope everyone is well. Something is brewing with PHE, IMO. I can see it on the charts. For the second time now in a short period, we have a collection of "double bottoms" forming along key areas of the charts. The last time this occurred was prior to the announcement of the Linde framework deal in conjunction with HUI. We all know the rest. Price pushed up from 3.9p & went on to test 6.9 pence. Bear in mind I actually called the bigger move when the price was sub 3 pence.
Not only did we have unprecedented volume we had this unique set-up, prior to the volume. I was disappointed, like many here, that the price did not go on to break the 7 pence mark. However, things happen for reasons. Here we find ourselves, again, looking at a similar set-up on the charts. Forming at key areas of support. I felt compelled to share my findings with this board as I respect the work & opinions of many here.
Up to now, I have only shared these chart ideas with my own Telegram group. I will be publishing them on Twitter over the coming days.
I don't know what is coming but I think it will happen soon? I think it will motivate strong buying & it is looking very good, IMO. Chart links are below. Thank you, Swazers.
https://www.tradingview.com/x/Z74Alhfq/ https://www.tradingview.com/x/sjMYwXms/ https://www.tradingview.com/x/q1QRYXub/
Cheers swazers is it possible to join your telegram group?
Just search for me on Twitter. I won't post invites here in this chart. Cheers.
Extra analysis on the daily chart https://www.tradingview.com/x/8It9cHUn/
I reckon we might see something happening in the first week of February if Peel get their planning permissions for plots 9B, 10A, 11 and 12 at the Planning Meeting on 1st February.
Once they get these permissions I reckon things could start moving pretty fast.
More single use plastics to be banned in the UK:
hTTps://www.express.co.uk/news/uk/1550977/UK-news-latest-ban-milk-ketchup-mayonnaise-products-crackdown
These are the very feedstocks PHE sought to use in its as yet unproven system. Now those feedstocks simply won't exist. This throws into doubt rollout of PHE's as yet unproven systems.
I expect the EU will also ban such plastics, thus eliminating or seriously reducing the need for PHE.
And as for double bottoms the price is being dragged along the floor of support this means its more likely to break down than up. No CEO after 15months, no activity at protos after 18m. This is a zombie share all hype nothing delivered
Aldebaron aren't you just full of the joys of spring..if you think so badly of PHE then get out . There is a huge demand for the disposal of plastics worldwide and the use of hydrogen and electricity and PHE have a solution .
@Saffron I wouldn't worry about the opinion of that character. He's just a crisis actor. He will change his position in an instant to suit whatever agenda he is serving at that time. Best to just filter & move on.
Well called Swazers !!!!
BRILLIANT .
Aldebaren,
‘Now those feedstocks simply won't exist’ - fantastic! Congratulations on solving the plastic waste crisis in a single sentence.
Jokes aside, even if there is continuing legislation banning single use plastics, we still have billions of tons of plastic waste sat destroying our planet from all the production before the ban. So PHE and other technologies used to remove this from the environment won’t be going anywhere soon. Just think of the mountains of plastic waste in places like Indonesia and Asia. Even if the source dries up, there will be many years worth of feed stock waiting to be recycled into high value goods.
Price has not budged on tradegate investors rightly will go to HUI which is why i make no accusation of wrong doings when i say this but why are phe not doing the work of HUI thereby preserving more value for PHE shareholders.
Another Loi signed... brilliant but what about someone making some progress on building this thing like actually get some money in place or some foundations layed? PHE have been desprate for a CEO for around 15 months now someone to drive business forward and what do we get but a 66yr old N.E.D. you see why bears have control still. These drift along rudderless
Hope no1 gets spiked today on open like usually happens with this share
lol. No Movement on tradegate. LSE is the main market. Just stop Deramping.
Aldebaran, you’re making a fool of yourself, we all know your agenda. Linde, Sweco and now Mitsubishi are the clues that PHE will be a global success!
@chrisstrat cheers, I think this is just the start of the new phase of nuggets of news that will be the true break we have all been patiently waiting for. The charts are in total alignment. Many of my own students spotted the move forming in our discord. We are following with huge interest.
Linde, Sweco and now Mitsubishi. Excellent news. Plastic to hydrogen is the way forward.
Aldebaran
Good find on the article about banning plastics. How long will that take to come into play? And it is not all plastics surely?
Further, we have more vehicles on the road than ever before. Most have four tires, some less and some more. That all needs to be removed.
And even recyclable plastic is now raising concerns as we realise they're not actually always viable and fully recyclable. Even at our work place the council charged our lads for putting plastic and cardboard in recycling because it was food packaging - due to grease and contamination it could not be processed they said. (I mean who rinses a pizza box right? Ha). But the point stands all these reusable and recyclable plastics still end up in the system for waste. Packaging as well on goods. And we have not even started on the fact that there is absolutely scope for new feed types to be introduced down the line if needed.
And even if all the above doesn't work, they'll still have a good ten to twenty year run getting rid of all the waste plastic sitting around already.
It is a good article mucker. But I wouldn't worry too much about PHE future IMO.
Thanks Swazers
Going to be an interesting day with the news !
Aldebaran
Even recyclable plastics can only be recycled a few times before they need disposed of so you still have a massive supply of fuel.
Swazers
I've no idea how you plot your charts but you certainly called this bang on. Well done!
@Patxaran Thank you. I honestly believe there is more to come & soon. The charts look powerful for PHE.
Aldebaran,
Even if a worldwide ban on making plastics of any kind came into force today, the current mountains of waste plastics would still take many years to dispose of, at a great cost, so there are plenty of such plastics to keep multiple DMG's going for years.
Remembering also that the PHE DMG can burn several other types of feed stock, including tyres of which there are tyre mountains as big if not bigger that the mountains of plastic.
If you don't want to come across as a poster with obvious de-ramping intentions, at least post with reasonable augments/comments that you can quantify.
Can we please not make this thread about the crisis actor whos only trying to deramp the stock. Instead, honestly, this bad actor is not worth any energy. Instead, let us try & enjoy the great news & look forward to even more landing soon. Onwards & upwards for PHE & HUI.
Price has not yet broken out. Setups can take time to move. I believe it will happen very soon based on what I am seeing. Price is currently between support & levels of resistance. Patience is required & the ability to control ones own emotions. https://www.tradingview.com/x/bNsShPuX/
Today was another great day for PHE chart-wise. Price offered yet another bottom. Something else big is coming & if I'm pushed to be specific I would say within the next week? https://www.tradingview.com/x/1qKq0r8e/
Now we are at 8 bottoms in a very short period of time. https://www.tradingview.com/x/73tvoCqa/