PLS chart to start 2019, page-1479

Originally posted by AverageJoe

Whether TA or FA, it is important to note that what I think doesn’t play much to where the market will head to. In other words the market don’t care. It is very difficult to be in sink with the market sentiment all the time.

Pls is a falling stock and as such caution = small losses tolerance, this is to ensure that loss isn’t too large for me that I’m forced to play defensive give the first opportunity to clear out without losing money. I can always enter later should a better entry pans out, if not I can also enter higher. There is no such thing as missing the boat. Just my perspective.

The current situation is pretty negative from the operation news and I am not able (ignorance) to work out if the cash in bank is adequate to sustain the current issues or how much is the margin shrinking. This is where charts comes into play clearer since it is something I can see. Reading all those FA and research on the EV/battery growth is difficult to interpret besides stoking the confirmation bias. Those Ozblue post on face value seems well researched and demonstrate deeper understanding of the details than I ever will be.

If I’m one of the early birds which I’m not unfortunately, I could afford to curse at losing multibagger paper gains and will avoid capital loss. If I’m stuck with a big hole, we’ll its called LTBH lol. I know how the latter feels.

We each have a different assessment of risk, rewards but the same goal and chiefly not to lose money.

I agree 'the market does not give a damn about anyone', hence why I rather react to the market than hoping that the market goes into the direction that I want.

Since this is T/A thread, I think it's wiser to discuss resistance, support, and chart patterns here, so non-LTBHs can make some $$$ here (or LTBH can learn where to offload their shares).

The quote by Jesse Livermore saying that "it is never your thinking that makes big money, it's the sitting", by 'sitting' i think he means the 'winning' stocks, the ones that properly perform. if what you're holding doesn't properly perform you should at least have a trailing stop loss, or at least reduce your holding. It's just strange to me that ppl prefer to average down the losing stocks rather than adding to the winning ones.

Anyways, here's my take on PLS
I think today candle got rejected from the downtrend line
support: 48c 45c 42c
resistance: downtrend line, 53.5c 56c 66.5c
will jump in if see BO with volume, and will sell if no momentum near resistance (from order flow)
It'd be nice to see higher highs and higher lows as well

GLA