The next few weeks will be interesting - today's bounce off the LTR takeover attempt has put in the expected 4th subwave of this retrace more or less right on queue, and to the right proportions (funny that), but will it fall back afterwards when the sugar hit wears off, or will this major catalyst event put the bottom in for this retracement at last and see some renewed vigor in the sector?
The FA in me says it will, but I would not be surprised if we see another couple of weeks of sharp declines in the spod and chemicals spot prices and a corresponding 5th (and final) subwave down to the expected target of the low $3s.
Either way I'll be smiling, as the rest of this year should be gravyyyyy
PLS chart, page-14200
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$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 212414 | $3.11 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
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| PLS (ASX) Chart |