PLS chart, page-22545

Hi folks

Wednesday is PLS report card day. Facts revealed not made up fiction.


I am on another short trip so no chart until late in the week. However by just looking at the weekly chart it’s bearish with weekly candles we’ll under the 10WMA for months now.


My main interest in the Qrtly is the $US price we received for shipped Spod.
I will be surprised if the so far continually falling price sort of flattens out into the $770-830 range. Last Qrt just over $800.

I will not be surprised by the result being lower than that, with a drop on the last qrt of between 10-15%..

Even into the high 600’s would not be a shock. I am basing this on the SP performance of the big international Lith stocks, coupled with my hand drawn chart that I have been posting for a number of qrts.

Yes I. Am expecting some some increase in shipped Spod, however the price published also relates to the Lith still in the ground.

Let’s see if this downward price trend is reversed in the report card on Wednesday.

I’ll believe in a trend change when I see factural evidence that it’s happening.


Just two more sleeps to go and we shall see.

DYOR

cheers Lies