PLS 0.34% $2.99 pilbara minerals limited

Better Days, page-74

  1. 42,270 Posts.
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    You are buying on pure fundamental and there is nothing wrong with that. I am doing it in a hybrid way so that I don't get caught in drawdown if I can help it.

    A chart is a 2 dimensional measure of price and time. It tells how price has been going with time but it doesn't measure if manipulation by shorters or euphoria by bulls. If you take a step back and look at the chart, only the very optimistic will see it is rallying. If you fib the low circa 3.5C to the high 87C then the 61% level held a fortnight ago. So that is roughly two third contraction of value. Half full of half empty?

    32C has a strong support on the chart and the market agrees but where to from here will depend what tool you use to draw the extension from here. If your intention is to hold to production then at least be prepared for the volatility that will surely follow to completion and assuming Ken can get BOA/ML/Finance/Operational teething issues without a hitch is not not reality. You have done your research so these are buying opportunities rather than complain what some poster perceived to be down ramping. The market is not that stupid on a market cap worth almost a billion at one stage with an over subscribed Cap raising to take HC views. Welcome to the world of trend trading, you sacrifice some short term gain paper profits for a much bigger one but you need time and there will be volatility in the interim. We are experiencing one right now so if you can't take the heat then maybe trending requires a few tweaks? Good luck to your investment, your ride has not started yet if you are holding to production.
 
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$2.99
Change
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Mkt cap ! $9.000B
Open High Low Value Volume
$2.93 $3.01 $2.89 $104.7M 35.12M

Buyers (Bids)

No. Vol. Price($)
3 11874 $2.98
 

Sellers (Offers)

Price($) Vol. No.
$2.99 65336 3
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
PLS (ASX) Chart
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