Hi Folks
While I only still only retain a token holding, I still revisit the PLS chart every now and then.
Since that not uncommon double DCB it can be seen from the chart that a series of five lower-highs and four lower-lows have formed in a regular pattern. The jury is still out on that fifth lower-low.
However this bearish pattern matches the direction indicated by my hand-drawn chart that I derive from the quarterly reports of Qtrly $AUD shipped revenue matched against the 3-month Hi-Lo chart bar.
I have included that latest hand-drawn chart as my second chart. Yes, it is ugly but has served me well for 9 Quarterly reports.
Qrtly revenue in Dec 2022 was $AUD 1,135m and in Mar 2025 was $AUD 150m. Notice the huge gap that developed between the low on the 3 monthly SP Hi-Lo bar and the $AUD shipped revenue.
That gap has been narrowing sharply Qtr by Qtr.
March revenue was impacted by weather so I expect some rise when the June Qrtly which is released around late July. I will be interested to see if it gets to $AUD200m.
Draw what conclusions you will from both charts.
Cheers Lies
(20min delay)