Wow, so we are now at the pointy end of this correction or have we already put in a bottom?
We bounced hard off $2.77 and then respected the .618 fib of the 3rd fractal at $3.01 (hit $3.015 with XT trade), textbook retrace.
For the overall correction It has certainly corrected within Fib guidelines below .5 fib of full wave retrace at $2.83 - TICK
It has gone below historical retrace at $2.89 - TICK
Its retraced 28.8%, $3.89 - $2.77 -TICK
It filled a tiny gap at $2.84-2.85, Not sure I would count that gap but its filled none the less. - TICK
Gap at $2.73 not filled, but its a gammon the daily, not the weekly. It's traded those prices.
From an EW perspective it should have 5 fractals for the C wave, but I've been caught out more than once on not completing these.
We do have the HFY results and guidance update which may be a magnet to hold back, plus macro and geo political.
Key thing is we need to see a trend reversal. For that to come into play we need a higher high. That would be $3.16
So the bottom is in or will be by Wednesday next week IMO.
Buying in the $2.70's and $2.80's will be seen as absolute bargains come end of April IMO.
GLTAH
- Forums
- ASX - By Stock
- PLS
- PLS chart
PLS chart, page-5194
-
- There are more pages in this discussion • 17,561 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B |
Open | High | Low | Value | Volume |
$3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 750 | $3.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 750 | 3.050 |
2 | 60000 | 3.030 |
4 | 52314 | 3.020 |
5 | 26550 | 3.010 |
12 | 64246 | 3.000 |
Price($) | Vol. | No. |
---|---|---|
3.080 | 83862 | 8 |
3.090 | 40064 | 10 |
3.100 | 655591 | 67 |
3.110 | 59971 | 10 |
3.120 | 110805 | 20 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |