PLS chart, page-15249

A Point & Figure Chart today. See link below for explanation of P & F.
P & F

The p&f clearly shows support and resistance levels, cuts out noise and identifies trend changes. The LT trend from the covid low is still clearly in play. The recent dip below the trendline was a real test. It may look to retest below 450 again as the current green box has reached resistance.

The FIBO forecasts of SC pricing at $1100 and the recent BS China based price decline clearly tested investors resolve and emboldened shorters.

The resistance level above is messy and substantial. It will take time to work through this level, IMO. The p&f chart prior to September 2022 was clean with obvious support/resistance and breakouts.

Shareholders will need to be patient. We have a great BOD who continue to progress PLS and a dividend income stream to enjoy in the meantime.

The Lithium pricing shenanigans are showing signs of easing. Project delays continue, the Lithium pricing shenanigans have created more investor uncertainty. Elon adding salt, DLE, Chile nationalisation, Afghanistan, Africa, Canada and Lepidolite etc, are years away from adding enough supply to meet demand. All plays into the hands of incumbents and our hip pockets with profits.