Daily chart 2 June
New low @ 2.19. Fibonacci extension levels reset (rainbow colour).
Heavy resistance above now at:
- $2.40, 23.6% Fib extension level (which is near the previous weekly swing low at $2.37 so it'll be a big level)
- $2.60, EMA200 which aligns with the 50% Fib extension level (note that before yesterday's heavy selling the price had bounced off of the last swing low to the 50% Fib extension level and then failed). The 50% Fib ext level this time will be harder imo
Wyckoff Acculumation/Distribution chart process linked in the previous comment attached. Where do you think PLS is?
What to watch out for in coming days/weeks - MA50/200 cross down (ie the red MA on the chart has turned down and is moving toward the black MA). The cross up occurred in... August 2020. In other words, the uptrend has lasted a very long time. If the MA50/200 cross down occurs, this is know as a Death Cross. Link to info about it attached here
https://www.investopedia.com/ask/answers/121114/what-difference-between-golden-cross-and-death-cross-pattern.asp
PLS chart, page-6503
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |