PLS 1.64% $3.10 pilbara minerals limited

PLS chart, page-2052

  1. 8,328 Posts.
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    So it bounced fairly well just under $1.835 price mentioned, off $1.82 in the end, pretty sharply I must say, but as you can see there was stiff resistance again at the $1.92 2.618 fib, topping out at $1.915.

    There is a gap $1.77 to $1.82 which is probably best to come back and fill being so close, and I think given any negative excuse to do so in the next few days it will, that could put in wave 4 for us, and then up over $2.00 to round $2.075.

    To break $2.00 will need concurrence with something. You don't go to these levels and through key price points without some tail winds.

    POSCO JV??

    Will be a good trading opportunity at around $1.76-77 as long as no external factors if it does go down there as the trend is great and remember:

    "The Trend Is Your Friend"

    All IMO, Not Advice and a bit of EW fun..

    GLTAH



    https://hotcopper.com.au/data/attachments/3425/3425158-abdadea9735a26d13629769cf27de576.jpg

    Last edited by GARETH78: 02/08/21
 
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