Hi , I agree with your view on people's sentiment suddenly changing and trying to manipulate others. This is a common approach on these forums, not specifically on PLS threads.
As this is a 'Chart Thread', I'd like to share my opinion on the PLS chart with the intention of hearing others. With reference to my chart posted above, I locked in profits purely based on TA. In my eyes, RSI, MACD and the candlesticks signalled the temporary top is in (i sold 5% below the ATH and I'm not gloating). I'm sure other chartists took some off the table to stay disciplined with their trading rules.
The market is a combination of buyers and sellers, we all know this. We all know that a pullback is necessary for a healthy chart. So when we experience a pullback, people who understand how the market works should not bat an eye when posters call "$1 by end of year ..." (I'll never say never but I find this very unlikely based on the current announcements made by management).
The reason why I'm expecting $3.70 is not because I'm trying to manipulate others to sell their shares, what a piece of shit i would be lol. But based on TA, I'm expecting $3.70 because:
1. SP gapped up and i see a 15% retrace from here possible to fill the gap before the next leg-up.
2. Based on previous retracements from ATH, PLS has pulled-back 15-25%.
3. To remind people of how significant this rally is, PLS has gone up 152% in 3 months. Sure, the fundamentals support this increase, but what's a 25% retracement going to do...?
4. Bear market across the Indexes including Dow Jones and S&P 500.
5. Not to offend anyone but good ol' Warren Buffet "Be fearful when others are greedy and greedy when others are fearful".
As always, whether you're a Trader, Investor or someone who does both - Good luck to all.
- Forums
- ASX - By Stock
- PLS
- PLS chart
PLS chart, page-8005
-
- There are more pages in this discussion • 14,490 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
(20min delay)
|
|||||
Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B |
Open | High | Low | Value | Volume |
$3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 321604 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 269930 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 216310 | 3.060 |
24 | 433847 | 3.050 |
17 | 226159 | 3.040 |
15 | 134654 | 3.030 |
22 | 95397 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.070 | 212557 | 10 |
3.080 | 99820 | 7 |
3.090 | 95019 | 5 |
3.100 | 172136 | 20 |
3.110 | 260299 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |