Hi FolksJust a quick look at the daily charts for PLS.Just like...

Hi Folks

Just a quick look at the daily charts for PLS.

Just like ALB it seems to be playing around with a waterline for a protracted period. The ALB chart follows.

The PLS 3.42 waterline first started in Nov 2023 , Since then it has multiple splashes a couple of dives and dips but returning to the surface.
With the FIB I have drawn on the chart another splash between the 23.6-38.6% extention FIB wouldn't be a surprise. Even possible around that March quarterly report.

Something I found interesting is that both ALB and PLS started their current waterline about the same time, November. With each having multiple splashes and dives over the 4 month period.

I wonder if ALB finally leaks downward whether PLS will follow. That's just speculation, so DYOR.

Over the years I have found multiple stocks with a series of descending waterlines. When the leaks happen they are fairly obvious as opposed to a dip of dive which sees the SP return above the waterline within a week. After a leak down to the new lower waterline there is almost invariably a bounce up the the old previous waterline. That happened in both.

Of course if the Lith market turns upward no further leak downwards. will appear.

cheers Lies