3. Patterns such as the descending triangle in an uptrend is tradeable. With the PLS one, a target price was around 1.21 according to Bulkowski's calcs. and price hit 1.25. Buy in the consolidation phase with correct position size and a tight stop below pattern but be aware of possible fake outs where stop losses are triggered or a particular bid is picked up before reversing to break out higher as originally traded for.
Is Pls still worth buying, page-47
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 (20min delay)
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Last
$3.00 |
Change
-0.080(2.60%) |
Mkt cap ! $9.032B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.05 | $2.97 | $55.47M | 18.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 980 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 39640 | 5 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |