PLS 5.69% $3.16 pilbara minerals limited

PLS chart to start 2019, page-892

  1. 43,289 Posts.
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    Yesterday the volume was more meaningful (large) if you observe when 62C was tested. I put significance to 62C based on 21Dec capitulation then recovery the next trading day or a 2 bar reversal. The continuation sell off today IMO voided yesterday's observation and 60C is temporary holding as you say. A purist would probably see if 56.5/57 will be tested first before deciding on the opportunity.

    The XJO tested 2018 high and expected, there is selling pressures. I am observing 6290 as a possible bounce level in an pullback or else it is a double top sell off back to range low. Have a look at may2018 and you see a small pullback off the then peak before taking another shot through and continuing. Good luck.
 
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