PLS chart, page-383

The Battery Materials space as a group continues to unravel with little respite - that is the reality.
There is no place (stock) immune.
World markets are in a short-sighted state of confusion and panic, so who cares about future potential earnings ?

My chart assessment
The PLS chart both daily and weekly, does not paint a good picture at all.
Twice in the past few months support was broken but managed to stage a recovery.
It does not appear we will be third time lucky, and today's heavy volume indicates further downside can be anticipated - that is the path of least resistance.
To suggest where price may bottom is a pure guess at this stage, we're in open space on the chart - don't count on a double bottom here, though it might try.



I am nonetheless looking to increase my holdings but not yet. The fundamentals have not changed to my knowledge. I stay invested because I am thinking long term and have no idea when the sentiment is going to turn around.