I'm a bit conflicted. Happy with recent announcements, I think spod price will stablise/turn with limited projects meeting expectations, we have a favourable FX Rate and dividend soon to be announced, but I can't help but thinkthe market knows all this and the chart is showing some signs we've seenbefore, which is keeping me cautious after a good trade from 4.60-4.85...
Current chart with10 day EMA crossing the 40 day EMA.
Last time that happened was Feb 23 - fairly similar action, big drop, small recovery, cross and downturn
Time before was Dec 22 - we know what happened there
Certainly not a charting expert, but enough indicators for me to take my trading parcel off the table for the moment. Still long PLS.
PLS chart, page-17413
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Last
$3.21 |
Change
-0.010(0.31%) |
Mkt cap ! $9.646B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.23 | $3.19 | $33.64M | 10.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 286250 | $3.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 1211945 | 57 |
View Market Depth
| Last trade - 11.54am 20/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |