Hi @hoots ,
Since this time last year till now, we have added approximately 30% to 33% additional shares to the share registry (from around 1.2 billions to around 1.6 billions)
For most of last year, we had a major 60c resistance line and if 33% dilution is applied, that would bring that resistance line back to 0.6 * 0.67 = 0.402 dollar.
In my opinion, this is why have have strong resistance at around 40c mark now.
Does charting take into account of dilution and market cap ?
regards,
DoN
PLS - August charts, page-2
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Last
$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716181 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 235000 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |