PLS Charts March - on topic new thread !, page-605

Don't shoot the messenger !!!. My reading of the chart is that after making a double top at around $1.25 (with RSI divergence) the script has commenced a downward trend. It has rallied at specific fib levels (around $1.04, .90, .81, etc on a daily chart) and is likely to hit the 50% fib retracement at $0.75, where it may find additional support from the 200 MA. This may not hold as the script has formed a bear flag pattern and the RSI is below 50. Important levels to watch are $0.75, $0.69-70 and $0.61. if it breaks below $0.61, the next target is $0.51. Considering that large brokers are anticipating a downtrend in Lithium pricing the above scenario has the potential to play out. In the interest of complete disclosure, I sold at $1.23, bought at 0.93 sold at 0.95 and I am now sitting on the sidelines and watching the chart.