Update on action. Look's like the $4 level will have to wait a bit longer.
Hit the 32.8% retrace from the previous run from 241 to 389. This is also approx' the 21 SMA level. The MACD has crossed under the signal line so it appears we will have a period of consolidation before the next leg up. I say that based on other MACD crossings after major uplegs. How far we retrace, ??? and how long we consolidate ???
No doubt plenty of FW's will give guidance there but we all know who they are and how wrong they get it.
Some of the other chartists will update in due course and it is much appreciated. The panic this morning offered an entry if you think this retrace is out of steam.
PLS chart, page-4908
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