If charting just would be so simple - open up a monthly line chart of any stock, introduce the 50 and 200 moving average and the 200 MA will give you the target for SP over time. If the 200 MA doesn’t show up to give you the target, simple go for the 50 MA for the time being instead, because SP will drop through that on the way down to the 200. That’s it, job done, end of story!
I love how precise the establishment of the target price is no further TA required. Well done, all it takes now, is the unshakable believe that that’s how charting works.
PLS chart, page-20972
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Last
$3.79 |
Change
-0.010(0.26%) |
Mkt cap ! $11.40B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.87 | $3.74 | $185.9M | 49.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1585992 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 533583 | 19 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$3.78 |
Change
-0.010 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $3.83 | $3.87 | $3.74 | 9679943 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PLS (ASX) Chart |