PLS chart, page-22962

"So what now since its under $2.80 mate."

What now? I was going to show you a clip from Pulp Fiction when Butch asked Marsellus "What now?" but it contains a scene which I think is inappropriate to show here. So I will just answer your question.



That it is now under 2.80 means I have been wrong in thinking that it wouldn't fall below the resistance line again, which is actually against Wyckoff's warning that spring will often be tested twice if the first break had higher than normal volume (Post #: 75250972). What I think I have been right so far is that PLS has entered a new accumulation phase (the old one broke down) since mid June and so its share price has been moving up and down within a trading range.

To predict the day to day or/and intraday share price movement is almost impossible because in an accumulation phase what big traders do is outsmart each other to get more shares and cheaper. They sell to buy! But if we zoom out and look at the trading range, it is rather easy to predict the share price movement: it goes down when it reaches the resistance line and it goes up when it reaches the support line. And if it falls below the support line, then it will quickly move back up into the trading range. And if it falls below the low of the Spring, then the accumulation (the trading range) is at risk of breaking down. That is how it goes generally.

So my answer to your question is I believe the share price will move back up into the trading range either tomorrow or the next day.

Good luck if you trade.