PLS chart, page-7256

Finally back home.

To be honest. unless Australia seriously ramps up their charging infrastructure rollout, we are likely to have serious problems when the only choice for a new car purchase is EV.

From the streets of London to the Canals of Amsterdam, its all been done quite tastefully.

So back to the chart.

Well it looks rather good, though I was surprised the quarterly did not push it a bit higher, was thinking the $3.08 - $3.13 area could have been on the cards.

Annoying that the drop to $2.62 on Wednesday did not fill the gap.

Chances of filling??

Well you have to go back to July 21st 2021 at $1.55 to find a gap up on the daily not filled bar this one. There is a good 10 or so that have filled since then (Gaps down the shorters can worry about), so the odds would be high, but not 100%

Driver the next few days will be US macro. US July CPI out on Wednesday. If its pulled back markets will run, if not then could be some profit taking.

From a fractal perspective the drop to $2.62 could be fractal 4 (blue) of this wave 1(green).

If it breaks $3.00 target $3.08 - $3.16, if not then likely enter a green wave 2 retrace and the gap would likely fill IMO.

Anyone missed the boat, that would be a great top up opportunity if you have missed recent ones (lack of funds etc). The next wave up will likely be stronger than wave 1 so a target of around $3.75 - $4.50 IMO

Not advice DYOR