PLS 3.17% $3.05 pilbara minerals limited

PLS chart, page-5119

  1. 8,317 Posts.
    lightbulb Created with Sketch. 2950
    Update on the chart.

    Unfortunately I don't think I will be a bringer of good news, but I will be happy to be wrong.

    We certainly need to put in a fractal up (Small wave UP - marked 1-5 on wave A), in all likelihood tomorrow if US lead is ok, but then I think we will go lower still once that finishes.

    There was not much strength in the buying this afternoon. Should have closed over $3.07 if there was IMO.

    The red bulls eye markers show the price points that are likely correction price points IMO.

    I think this has a while to run so :

    $2.89 - Historical retrace based on the Oct pull back.

    $2.73 - Fills a daily gap (Would fill the gap?? at $2.84-$2.85 others have mentioned but I'm not so focussed on)

    $2.67 - Wave C length 100% of wave A. This is a common occurrence

    $2.59 - .618 Fib retrace of the $7.78 - $3.89 Run

    Personally I think it will go to between $2.67 and $2.73

    Not advice DYOR

    GLTAH

    https://hotcopper.com.au/data/attachments/4088/4088746-9951efec58023fd42616400f52758806.jpg

 
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