MACD is still just in positive territory on the daily chart, suggesting the uptrend is still slightly intact, but vulnerable to go either way. We tested 38c extremely quickly most likely due to short positions stop losses getting triggered, + some positive news in Europe about EVs, but then experienced a sharp rejection of that previous high. Usually a sharp rejection off previous high is not a good signal for long holders. I think in the next week or so we might start to see price move again, and where it is headed in the short term.
Also, if you look at the second chart below, price has consistently traded at or below 50 SMA and 200 EMA since mid 2018 so the overall trend is still quite bearish.
PLS chart, page-13
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Last
$3.29 |
Change
0.020(0.61%) |
Mkt cap ! $9.907B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.31 | $3.20 | $53.42M | 16.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10017 | $3.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 142518 | 13 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |