It does appear (support) at Mr. $2.97c., on the 2 year HOURLY lr chart, is done & dusted.
So, time to take another look at the bigger WEEKLY picture.......with a Fibonacci overlay.
Although not an avid Fibonacci fan, it never ceases to amaze how often (usually in hindsight) those price patterns do become self-fulfilling.
$2.80c. is a key support level in this WEEKLY scenario, and closes below same would be an indication to expect further down side.......with an interim TP of $2.48c.
Cheers.....and keeping in mind, FUNDAMENTAL analysis and TECHNICAL analysis are NOT mutually inclusive.
PLS chart, page-22963
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Last
$2.87 |
Change
-0.130(4.33%) |
Mkt cap ! $8.808B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.86 | $40.39M | 13.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 345918 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 146081 | 56 |
View Market Depth
| Last trade - 13.12pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |