PLS chart, page-7926

I must say I'm also expecting a pullback to $3.70-$3.80 range (at some point, not calling a falling knife). Below is my observations from my charts only.

Yes i did execute another sell parcel at $4.72 last week (just because of my trading rules, nothing fundamentally concerning about PLS).

The daily chart shows on the 13th September, an ATH ($4.795) was hit with a RSI at 86. 2 days later, the ATH was hit once again, however this time the RSI was at 79. IMO, this suggests momentum is slowing down as buyer's may be exhausted. My view is supported on the weekly chart where I've identified three points on the RSI where buying pressure tends to decline. Again, take these comments with a grain of salt, they're purely my observations and may not happen.

As another poster unfortunately mentioned, he/she missed out on the PLS rally as they were using the RSI indicator and they must've sold when the signals reached 'OVERBOUGHT TERRITORY'. This is an issue with the reliability of the RSI as it could force you to sell too early.

Should i be gifted by PLS with a buy parcel at $3.71 (Gap fill), the first trade is already set in stone which is, to fill the gap at $4.58-$4.64 (23% gain - and to keep holding as we gallop to $6).

I'd like to also mention, TA (charting) doesn't consider fundamentals of a company. In saying this, PLS could release a pleasing announcement which the market may react positively too.

GLTA

Daily Chart


Weekly Chart